I like in Oklahoma where I make 34K per year. Houses aren't that expensive but on top of my other expenses, saving for a house seems nearly impossible.

like
Posting as :
works at
You are currently posting as works at

I live in Illinois and work here too. I understand your pain. I have my master’s so my loans for college are 69,000. Even trying to get some loan forgiveness still leaves me feeling overwhelmed and terrified of buying a home. I rent currently and my salary is about 39,000 net pay and Illinois is crazy expensive. I also pay rent, a car loan, my college loan and insurance. Plus other bills for living necessities. I’m 29 and nowhere near close enough to saving for a down payment so I can buy a house.

like

It's sad but somewhat comforting that you and I are in similar positions. Alabama isn't anywhere near as expensive as I'd imagine Illinois is, but my net pay ends up being about 30k annually. Being able to afford a house and car payment simultaneously seems like an impossible feat, but I'm trying to pay off my debt before making any moves on either of those things.

Amen. This speaks to how our society needs to show more respect for the profession and pay our educators in accordance with the incredible value they provide all of us.

We don’t have a magic bullet, but my colleague Kelley has written some excellent pieces that I like to share with individuals who are in the very beginning stages of pursuing homeownership.
https://www.landed.com/blog/how-to-take-the-first-step-toward-financial-wellness
https://www.landed.com/blog/headed-in-a-new-direction

We’ve also curated a list of national resources that have been helpful to school employees we’ve worked with along the way. (If anyone here has resources you recommend we add to this national database, or resources specific to Oklahoma, please let us know!)
https://www.landed.com/national-resources

Related Posts

McKinsey & Company Hi is anyone willing to give a McKinsey referral? Can DM you about my background.
TIA McKinsey & Company

likefunny
like

What would a reasonable salary be for someone joining Deloitte GPS as a Senior Consultant (6 YoE) from another large firm with change management/workforce development skills in federal sector? Thanks.

like

McKinsey & Company What are the TC bands at McKinsey & Company Digital? How's the brand recognition and is there a path to Partner?

like

Hi, I’m a 5th year senior double majoring in accounting and finance and will be cpa eligible when I graduate in December. I’m currently working an audit internship at EY, and, while I’m enjoying the experience, my long term goal is to work in FDD. Does anyone have any advice for breaking into FDD straight from undergrad? Thanks.

like

Can anyone help me what will be my in-hand salary after tax deduction? Tata Consultancy Infosys Cognizant Accenture Fidelity I Infosys Delloite

Post Photo

When folks on here talk about work experience offsetting low undergraduate GPA, what do they mean? What type of experience would offset a low GPA,assuming a 730+ gmat?

like

My bf is like one inch taller than me... I cannot wear heels or anything that has any kind of heels. Even running shoes has a thick pad now a day! It’s been giving me problem.. any suggestion?

like

Hi all, I am a 4th year chemistry PHD student (International/Indian) and will surely finish in about a year, around Aug23. It can work for pharma (Merck, Pfizer, GSK etc.) as a scientist. However, I recently learnt that consulting firms particularly MBB also hire PHDs from diverse background. I am wondering what steps can I take in a year to do the transition if its possible? Or do I need to get some big brand name on my CV to do the transition?

like

Any other guys in here do TRT? I got fed up and finally tested last year and was medically low (below 275) and it’s been a great experience so far.

like

When is it good to stay at a cushy job?

I'm having a lot of personal and relationship issues lately and I just don't have the energy to go through the interview process anymore. Think im just gonna stay stagnant for now while I sort this shit out.

like

What is min and Max salary package and perks a Microsoft azure technical consultant with 11 years of experience can get in Mumbai?

like

Our PM has allowed a doctor to work under the influence and also has lied about company policies which then caused me to put my 2 weeks notice in (because what she lied about made it so I wasn’t able to work there due to scheduling). Is there something that can be done?

like

Anyone in Deloitte willing to give a referral for Audit associate role. I have 5 years industry experience in accounting. Also have ACCA.

like

Anyone know if United GS can upgrade a K class fare if it’s for someone else and they’re not flying? I know they can’t do award tickets, but not sure where the line is

like

What’s the best exit plan for tax compliance? I’m killing myself by working to 3/4am every day. And it’s getting worse and worse. No downtime anymore. My summer clients already kick in while I’m still working on the winter clients. People around me are all leaving. I want to get out before the boat sinks…

like

Litigation paralegal looking to transition firms in Houston. Please let me know of any opportunities. Thanks!

like

Any remote opening for roku developer??

like

How much would you expect to make as an Associate Account Exec at a FAANG? No prior sales experience, but 3 YOE in another field.

like

Additional Posts in Homeownership for Teachers

I'm in my second year of TFA, and am thinking of sticking with this teaching thing (crazy, I know). I'm wondering if you have savings accounts I can use to work towards a down payment.

like

My fiancé and I are planning to buy a home right around our wedding (we’d need to close next June). Has anyone heard of special programs we can look into? He’s military so we have VA Financing...

like

Thanks for doing this! How did ya'll at Landed come up with this idea? Super interesting.

like

What's your favorite story helping someone buy a home? I'm going through the process now and it's so stressful. I need a little positivity :)

likeuplifting

What a great conversation so far! I’m headed to a couple meetings but will check back in soon - keep the questions coming!

like

Related to a teacher from Indiana who had to make a big repair, how do you recommend we budget for maintenance? I feel like we can work towards downpayment, but maintenance puts it out of reach.

likehelpful
likehelpful
like

Landed’s been working with the College Football Playoff Foundation, and we just gave away another $25,000 to help a Bay Area teacher buy a home. We surprised Jenna, 3rd grade teacher this AM.

Post Photo
like

Other than low salaries and high housing costs, what are some of the biggest barriers teachers face when buying a home?

like

What happens if a teacher you work with looses their home to a disaster like a fire or earthquake?

smart

I'm a younger teacher in a high COL area. In terms of wealth building, how does home ownership stack up to other methods like investing in stocks?

like

How does your help help with interest rates if we're only putting 10% down. In addition to a meager down payment, I also worry abt interest :( Definitely didn't get into this for the money

I recently closed on a home and felt like I had to claw for 10% of my downpayment - didn't do 20. Do you think it was a mistake to not do 20? It just seems impossible as a teacher.

like

Is that something that's available to Teachers in Louisiana?

like

What programs or resources do you have available for Texas teachers?

like

My honest opinion is that biggest impediment to home ownership for teacher is our bullshit pay.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal