Money Guy Show Best and Worst States for Saving a Down Payment on a Home
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Jan 7, 2026 Discover how your state affects the time it takes to save for a home down payment. The hosts analyze a recent ranking revealing the fastest and slowest states, highlighting shocking insights from places like California and New York. They also introduce the 3-5-25 homebuying rule and discuss smart savings strategies. Plus, they tackle listener questions on financial topics like retirement contributions and refinancing options, all while celebrating two decades of empowering financial growth!
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Headlines Amplify Framing Over Reality
- Consumer Affairs' headline stat (10% down payment takes 8.75–10.25 years in fastest states) is technically true but discouraging.
- Bo and Brian argue the framing and assumptions drive the shock value, not inevitability.
Don't Limit Yourself To 10% Savings
- Consumer Affairs assumed people save 10% of discretionary income toward a down payment.
- Do not accept that fixed savings rate; prioritize aggressive short-term saving when pursuing a home.
Use The 3-5-25 Homebuying Rule
- Use the 3-5-25 rule for your first home: 3% down, 5-year+ hold, housing ≤25% of gross income.
- This avoids being house-rich and life-poor and speeds entry into homeownership.
