Running very rough numbers but if for argument's sake they could save $40 a month for 20 years compounding at 4% per annum
then by putting up with 'British' teeth it might be possible to save enough for a 6% downpayment on a $200k mortgage
(, Wed 24 Jul 2024, 13:51, Share, Reply)
By which time the property prices have gone up.
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FeralCatMan Unusual disease collector., Wed 24 Jul 2024, 14:12,
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Yes, you would have to alter the amount you were saving to take inflation into consideration
and yes, it wouldn't work if you lived somewhere that had rocketing house prices or your wage and the dental care costs didn't keep reasonable pace with other prices
(, Wed 24 Jul 2024, 17:01, Share, Reply)
I'm in the UK.
Housing costs usually rise faster than everything else.
Inexpensive means noone wants to live there, for good reason.
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FeralCatMan Unusual disease collector., Wed 24 Jul 2024, 20:36,
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