Penny pinching just isn’t cutting it
We preferably need at least three bedrooms, two bath for our four children, but the availability of homes/townhomes/ condos in our price range is so sparse that I don’t know how we’ll be able to snab one even once we have saved up the rest of a down payment.
At current availability, we will be using 50% of our income on housing (which we do at our apartment right now) and would not have enough income for saving for our retirement let alone college funds.
We are 33, have no debt, and are pinching and saving every penny, but it seems it will take another 5 years before we can afford a home here, meanwhile, our rent is increasing every year.