In exchange for a 10% downpayment they wouldn’t have to pay back, 22% of respondents in a recent survey would give up their right to vote, while only 9% would give up their driver’s license.
Given the choice between the downpayment and other comforts, the survey of 1,000 potential homebuyers found:
- 44% of respondents would give up on their dream car
- 38% would skip vacations for the next five years
- 34% wouldn’t eat out for five years.
When it comes to what they’ve actually saved, however, 67% of those who intend to buy a home in the next year or two have less than $7,000 put away. Debt such as student loans, car payments, and credit card bills topped the list of reasons respondents were unable to save more for a downpayment.
Other challenges to buying a home cited by respondents include low credit scores (37%), the cost of a monthly payment (32%), high rental costs (26%), and a lack of homes to choose from (25%).
Give up their right to vote for a down payment???? Wow, seriously?
I know, can you believe that someone would actually consider that? Probably people who have never even voted before so the figure what would the big deal be if they gave it up?
And that is why they can’t afford the nice things in life… because they are willing to give up the one and only right that gives them the freedom to change the very same things that may be preventing them from living/enjoying/affording life and the great things it/ this country has to offer. That 22% has no right to complain when life throws lemons at them and they don’t have the right/tools to make lemonade out of them… to give up that right is absurd. I would have liked to know what that age bracket was, and what was the… Read more »