Ok, so my husband and I, who have been married for 6 months, are currently living in an apartment. He's still in school, I am going back for my masters next fall, and needless to say, we probably are not going to own a home any time soon (which we are fine with.) However, my husband came up with an idea, and I want opinions from the outside (because, to me, it seems logical and obtainable, with some sacrifice.) He says that, once we are both working full time (in 3 years we will both be working full time, him with his bachelors, me with my masters) we can rent a home and have payments set up as the following: We will budget rent to be $1200-$1400 (or whatever God blesses us with) and with that money, we will pay rent for our home, and with the remaining, put in a bank account. Ex. If rent/utilities/other house related expenses are $800/month, and we have $1400 budgeted for rent, we can put $600 in the bank, and save $7200/year. If we rented a home for 10-12 years...
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that adds up to $72,000-$86,400 for a downpayment on a home (if my math is right.) So...with a huge down payment, it would make our montly payments less, and we would own our home quicker. Of course, we realize that you can make anything look fine and dandy on paper, and we also realize that, if we stuck with this plan, we would have to sacrfice a lot. (We aren't high maintence people, though.) And yes, we do plan on having children, but not for at least 6 or 7 more years, so that is a detail we must keep in mind. Now...in theory, is this a logical plan? Any advice would be appreciated. Thanks for taking time to read this, and God Bless you!