So this friend of mine is buying a house.
A little background, Guy has a decent job, makes maybe 33-35K a year. Not much room for growth besides COL raises and pay increases. Because of...
No college degree (has some classes under his belt but thats it)
Just offered (and they accepted) for a house in the $110K range. (don't gasp, remember we are in oklahoma)
So this guy has a room-mate arrangement right now, where the rent from the roomie helps with the payment.
He also tries to act all superior in the fact that he's making good investments. Even though almost anyone can buy a house/
Is he setting himself up for failure.
I think that the money for the house would be better spent on a college degree, leading to higher wages, leading to a more financially stable future.
Any thoughts?