To give a breakdown about my current status see below:-I’m 25 with a fiancé and 1 yr old -Credit Score is 637-First time home owner (6 months in)-Loan Balance is 199,740 @ 5.5% Interest (1550 monthly payment) (FHA Loan)-Appraised Value is 235,000-Currently household income is clearing only $626 a month after bills & living expense.

There are plenty of books with general information on household systems and supplies for small household projects are not expensive.

@Jonathon WeberTrying to follow along on your second example of household earning over the $315k threshold.We cross that threshold, and as of now our properties are all just jointly owned (in our names).

Millennials want to own homes, but for the reason listed in the articles plus some other( boomers aging in place, changes to household formation times, ect) the timeline is delayed.

Modeled for 720 months (60 years)24.71% effective income tax rate (based on a $70,000 per year household income)Saving 30% of your income3% inflation rate3.25% yearly safe withdrawal rate (SWR)$4,083.33 target monthly income in retirement (in today's dollars)Summary of assumptions for the account in this scenario.

I like this move a lot.1) Housing costs similar, but now learning about landlording for 1st time and portion now going to principalNJ housing cost are brutal, they’re an detriment on building cash within a household for future investing Sadly, but goodly(?)

- Demographics, crime rate, median household income- Good school districts (isn’t that once you have found a good market?)

Look at the major employers in your area and what average household income rates are.

Median rent in LA is $2,442 and median household (one or more people contributing) income is 61k.

I’m not sure if you are married or not, but its definitely a talk you will want to have with Household 06!