this post was submitted on 11 May 2026
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Have you tried planting greener grass?
I would if I could buy a house. 40k in the bank. Good credit. 7 years at my current job. Still can't get a 155k house.
The 75k townhouse won't sell, and won't tell me why. Been trying to buy a house for 5 years. Now I'm being told I need to wait another year.
So this past month I've just given up. Nothing matters.
Uhhh what? You should easily be able to get a house with that much down. There’s something you’re not telling us.
Agreed. I bought a $300k house with half that guys down-payment. I kicked myself because I easily could have bought sooner and got much more house for my money.
And have way more debt as well
No, i would have been able to buy a bigger home for nearly the same price due to the rapid increase in home prices. My neighbor had sold their home just a year or two prior for about $15k more than we wound up paying for ours, but the home is almost double the square footage.
Still happy with our purchase overall as even apartment rentals in the area are higher than what we're paying in the few years since we bought.
Where in the US is there a 155k house??
The midwest.
Crackton, Detroit.
As someone who has 30k in the bank and qualified for multiple 350k loans with the lenders implying I'd be good for more, this mames no sense.
Don't trust those lenders. They want you in more debt than you should take on because it makes them more money
They're reputable local credit unions, not predatory lenders, and 30k is more than a 5% down payment, even after closing costs.
I suppose the unknown here is income, as in my current position making 100kUSD/yr, I'd have absolutely no problem making payments on a 20 year or even a 15 year loan, even if I do end up with a house near the top of my budget, which I'd rather stay well under of course. That said, A $150k house seems like it'd be no problem for that commenter based on their savings making up a >20% down payment.
If it makes you feel better, I'm 100k in the hole on the one I bought in 2021, and can't even afford to sell it.
You're saying you don't qualify for a mortgage?
I qualify for a mortgage, but they want to capme out around 100k.
And the houses in this area were built in the 1800s-1930s. So a 100k house is going to have massive repairs needed that you'll easily spend another 200k on.
Literally every house I've been shown has been "well this one needs an all new roof, and foundation" before you even see the property.