[Tapioca]

Originally Posted by PeanutButter

I guess I can look at my buddy.

$90,000 = Salary
$72,000 = Net after taxes
$6,000 = Net monthly income
$1,300 = Rent for a one bedroom basement suite right now (rent is low as he's been there for awhile)

5% down on a $500,000 principle residence is $25,000, so he would need to save $1,000 a month for 25 months and he would have the down payment. So pretty much, if he didn't have his car payment, he would have been there.

If he marries his gf, then his household income would go up by $50,000 (~what his gf makes a year)

What's sad is not the basement suite rental, but that his partner only makes 50K/year. He's gotta level up on that front...