Re:Ask HN: What % of your net wealth did you put into your d...
by mchannon on Wednesday July 25, 2018 @06:16PM
(#17613424)
Like others, it was just about 100% (I earned more in a year than I had) and that was only about 10% down, subjecting me to several years of PMI.
The ideal percentage of your total net worth sunk into a down payment should be zero, because ideally, you should have ∞ money. For the rest of us, 100% isn't insane if you're throwing thousands at rent every month (and you've already established that you're buying a house regardless).
The ideal percentage of your total net worth sunk into a down payment should be zero, because ideally, you should have ∞ money. For the rest of us, 100% isn't insane if you're throwing thousands at rent every month (and you've already established that you're buying a house regardless).