A little background might help with my perspective. I grew up in a small town in New Mexico. How small? 28,000 people small. The next closest town is 30 minutes away, and the town survives on the oil field and farming. It doesn't get more country than that. When I was a child my mother bought a home all by herself, it was 2200 square feet, four bedrooms, two bath, and had a garage. She paid 50,000 for it. She did not have to put down 20% or even 10% since her father was the one that owned the house and they found an arrangement at the bank so that she could just pay it off without having too big of a burden. I currently have dozens of friends that still live there, some of which are secretaries or work at the grocery store but own their own houses. So now you can understand me when I don't understand how things work in "the big city."
Currently I am looking at houses in the range of 200,000-230,000. Anything in that range will supposedly fit my budget. So I was SHOCKED when I found out flats were going for 300,000 without a garage. A GARAGE? A garage is a mans temple, where he builds shrines, and goes and hides when he's tired of the honey-does. My heart almost hit the floor when i found out that 20% down is standard. That is 40,000 before 3,000 in fees to clear escrow. How the hell are you supposed to come up with that much money? Oh ya, parents...well what if you don't have those? I think I lost or broke mine somewhere in the move out here to expensive town.
I'll post more as I go and learn more. This is step one in....I don't know how many steps. Stupid F**** City, where are the horses and quiet.
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