▲ 133 r/FirstTimeHomeBuyer
120k/year is an awkward salary for FTHB
It's just enough to give you a false sense of being well off financially. You can eat steak every day, travel, new car, etc and not break the bank. You can save 30k+ per year not counting 401k.
But this is all peanuts when trying to buy a median home. Buying a home at this salary means dumping all your savings and going forward, barely saving anything after mortgage, taxes, insurance, repairs, etc.
u/BagholderForLyfe — 6 hours ago