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Thinking of buying a home in Austin, Texas, but don't know where to start? You've come to the right place. We'll break it down and at the end you'll feel comfortable about buying that house.
Episodes
Wednesday Jul 08, 2020
Wednesday Jul 08, 2020
Home Ownership as a Part of Overall Financial Health
-Appreciating Assets vs Depreciating Assets
-Electronics
-most expensive MacBook is over $50k!!!
-base model MacBook desktop is $5,999.00 (no monitor?!)
-Iphone
-most expensive iPhone 11 Pro, $1,449.00
-base iPhone 11, $999
-Things you can drive
-boat
-RV
-CARS!
- The average car payment for a new vehicle is $554, and the average for a used car is $391
In Austin $250k with 3.5% downpayment = $9,625 (17.37 months of $554 new car payments)
A 250k, appreciating at 6% for 30 years = $1,435,872.79 value
Renting 3 bed $1,100 x 12 months x 30 years = $396,000 spent
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