Im glad i bought my home 20 years ago… no way i could afford a 3-2 at todays going rate.
I blame all the house flipping shows. Made everyone think they could buy a house, paint it, then resell for 100k more.
People have gone to college and still can’t even afford a single home, much less, a suitable apartment spot.
It took an MS for me, a BS for my partner, choosing to not adopt children, five years of saving, a minor inheritance from an unexpected death, and the housing market cratering due to the pandemic for us to be able to afford a house that we absolutely could not afford now without making 150% of our current income.
All it took was accruing nearly $100k in combined school loan debt, plus over three times that much in mortgage debt. That’s freedom debt! Murica!
we shouldnt have to afford a house
if you go to college you can’t even afford to pay for it by 30.
Op thinks we can afford a house by 30 if we go to college.
Well the good news is banks really don’t give a shit and they make it pretty trivial to get yourself hundreds of thousands of dollars in debt whether you have a degree or not.
I didn’t go to college and I bought a house at 30
I went to college, I’m way over 30. Buying a house is a vague dream.
You don’t need to. All you really need is to go for a walk in your desired neighbourhood, find a house you love, knock on the door and introduce yourself. Ask any questions you have about the property, then kill the occupants, flay them and wear their skin as your own as you lead your new charmed life, for as long as you can.
Since you said “house” I’m going to push back a little bit. Housing is unaffordable and we should address it but single-family homes are not a feasible solution for a lot of places and situations.
Going to college doesnt allow you to buy a house at 30 either lol
NOT IF YOU DRINK THE STARBUCKS EVERY DAY.
I found a blurb that Americans spend an average of $22/week at coffee shops. That’s nearly $1200 per year!
With a median US home price of $410,000 and a minimum FHA loan down payment of 3.5%, all you need to do it save that for twelve years and never have anything go seriously wrong in the meantime. Then you too can pay about $3300 per month for 30 years, ultimately spending nearly $900,000 for your $410,000 loan.
I CAN LIVE WITH THAT AS LONG AS YOU I CAN STILL HAVE MY AVOCADO TOAST.
I majored in buying houses
Rather, it puts you in debt. And now you have even less power. We should normalize everyone being able to live and not force college on everyone. But also make it free/super cheap so people can attend if they want without having to suffer financially
Should go to trade school instead.
Where they give you houses for going to college? Did I missed a promotion?
The only people I know with houses are the ones with rich parents and it doesn’t matter if they went to college or not.
You don’t. None of my highly educated friends own a house while the ones working in trades do.
