@EnglishMobster@kbin.social was making the point that $12k is typically not enough for a down payment on a house. They did some rough math as an example showing that a $500k house would require a $100k deposit if you’re putting 20% down. You nitpicked this number. However $500k for a house is a very reasonable number, so I’m nitpicking your nitpick. I guess we’re all assholes here.
Anyway, USA median house price is $420k. For a 20% deposit you’d need $84k. Canada is worse than the US with an average house price of almost $670k.
@EnglishMobster@kbin.social was making the point that $12k is typically not enough for a down payment on a house. They did some rough math as an example showing that a $500k house would require a $100k deposit if you’re putting 20% down. You nitpicked this number. However $500k for a house is a very reasonable number, so I’m nitpicking your nitpick. I guess we’re all assholes here.
Anyway, USA median house price is $420k. For a 20% deposit you’d need $84k. Canada is worse than the US with an average house price of almost $670k.