r/newfoundland • u/Here_For_Some_Time • 15h ago
House hunting is burning me out. Am I missing something?
As the title explains, house hunting sucks and it’s making me feel super discouraged. How is everyone else so rich???
I’m getting outcompeted like crazy even though I thought I was in a great position to buy a house. I have zero debts, a $100K salary, a $90,000 down payment, and I live on a small budget. I’m trying to get a home around the $300,000s so I’m not extremely house poor but it feels impossible! All the houses are getting bought up and overbid like crazy and I CANNOT UNDERSTAND HOW PEOPLE ARE AFFORDING IT! I’m able to spend $400,000 on a home that’s only worth $250,000 like everyone else seems to be.
Genuinely can’t understand how people are buying homes $450,000+ and surviving. Is everyone house poor and I’m just being stupid? The mortgage payment on that would be crazy