So, without a mortgage, thats uh, you know, just be homeless, eat nothing, drive nothing, just work for 5.6 yrs and save it all, then you can buy a house without a mortgage!
Or ok, fine, put 20% of your money away each month… then you can buy a house in uh… 28 years!
Hahaha!
Whats the median home cost now?
Apparently its $420k.
https://www.fool.com/money/research/average-house-price-state/
And whats the median household income in the US?
About $75k.
https://fred.stlouisfed.org/graph/?g=1f6wy#0
So, without a mortgage, thats uh, you know, just be homeless, eat nothing, drive nothing, just work for 5.6 yrs and save it all, then you can buy a house without a mortgage!
Or ok, fine, put 20% of your money away each month… then you can buy a house in uh… 28 years!