Best and Worst States for Saving a Down Payment on a Home

Have you ever been curious on which states it's easiest to get into a new home? We're gonna cover that today. Brent, I am so excited to talk about this because we know that homeownership is difficult, and it's always been difficult. But over these past couple years, it's gotten even a little more difficult. And there is some really interesting research and some really interesting data that comes out. But in my opinion, oftentimes, the data that comes out, the research that we see is more discouraging than encouraging. And I think that it makes sense that we ought to dive into the numbers to figure out where the truth really lies. Lies. Well, that's what I was gonna say is when we went over this in the show meeting, I was like, look. Life is already hard. And when research comes out like this and get starts getting press, I'm like, somebody needs to go into the numbers to actually give you the nuts and bolts so you can figure out if this is something, is it the shock stat that we're about to cover or is there more to it? And that's what I like is that we're gonna give you the shock and awe because this is what the press does, but then we're gonna actually pull back the numbers. So hang in there with us. Don't just watch this and go, I'm tired of all the negativity. I'm tired of all the bad stuff. We're gonna show you how even in a bad community or bad cost of living of where it's hard to get into your your foot in the door of homeownership through our money guy methods and getting into the the the methodology, we can cut the years off of this by by literally decades. Mhmm. So with that, we can carry on. As we're talking about this, there was a recent report from consumer affairs that it ranked all 50 states, and it ranked them by how long would it take for you to save up a 10% down payment for the median priced home in that state. So we're gonna have a median priced home, and we wanna see what's the length of time it takes for us to save a 10% down payment. So a lot of people are wondering, okay. Well, where does my state fall in? So we thought we would show you the three states that they ranked as the fastest to be able to achieve that 10% down payment, and then the three states that were the slowest. And I thought it was interesting where it was fastest coming in in the number three spot, according to this research by consumer affairs, was Texas. Based on their methodology, which we're gonna dive into in a moment, it would take you about ten years and three months to save up 10% for a down payment for the median home price. If we just pause there for …