zlacker

>>kenton+(OP)
This is neat, but as a $NET shareholder and someone with another ~$1m in net worth that can't afford to buy a house for at least another 6 years this makes me think we should significantly increase taxation.

>>laidof+aE
You have $1M of net worth that isn’t a house (and is therefore likely to be liquid) and you can’t afford to buy a house? Where and how much?

>>IAmGra+RM
I spend about $3.2k a month for a studio apartment in an HCOL area. I don’t even own a car.

>>laidof+lP
I bought a house in Canada with a liquid net worth of $75k (admittedly, 2 years ago, but still). 15 minute drive to a major city’s downtown, 0.3 acres, 3 bed 1 bath with an attached garage. Is it the nicest house? No, but it’s a house, and I’d much rather pay a mortgage than rent.

With a net worth of a million USD, I could buy a house pretty much anywhere in this country, comfortably, and we’re known to have one of the highest costs of living in major cities in the western world. If you move almost literally anywhere from where you currently live, you can definitely afford a house.