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[–] 136 points 1 year ago (6 children)

Op thinks we can afford a house by 30 if we go to college.

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  • [–] 8 points 1 year ago (1 child)
  • [–] 5 points 1 year ago

    42 and counting… I actually have some small hope of trying to buy a house next year though. Not in my home of America though, it’ll be as an expat, and contingent on a foreign bank extending me credit. Not a sure thing at all, but… I’m hoping? There might actually be a path forward? Maybe?

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  • [–] 4 points 1 year ago (3 children)

    I think the non-college route yielded better than college for my age cohort. First dude I knew who bought a house was like 19 and he’d been working at Costco for 4+ years. 2008 happened and suddenly this young man had a stable job and savings and looked great on paper 🥲

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  • [–] 2 points 1 year ago (2 children)

    People I know with most real estate are 2 kinds.

    1. inherited everything.
    2. stayed in hotel Mama for free for years while not studying, but working as plumber/contractors/mechanic etc starting age 18-19. By the time they moved out age 26-30 they were already loaded, renting out multiple apartments.

    Both required parents, either they had to be wealthy and die early or decided to gift capital early; or to be super supportive, fun (tolerable) enough to keep living with after 18 and not asking you to pay rent.

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  • [–] 2 points 1 year ago

    Yea I hope I put enough emphasis on the 2008 crash being responsible for his luck. I think he paid around $100,000 for a condo in California.

    I grew weed for 20 years which was the only way I got on the housing ladder at 26. I’ve been forced to downsize already but haven’t fallen off yet

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  • [–] 237 points 1 year ago (9 children)

    Going to college doesnt allow you to buy a house at 30 either lol

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  • [–] 10 points 1 year ago

    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

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  • [–] 16 points 1 year ago (4 children)

    NOT IF YOU DRINK THE STARBUCKS EVERY DAY.

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  • [–] 13 points 1 year ago (2 children)

    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.

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  • [–] 71 points 1 year ago (3 children)

    I went to college, I'm way over 30. Buying a house is a vague dream.

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  • [–] 6 points 1 year ago (1 child)

    I got lucky and bought a house in 2015 at 28, I barely pulled it off with roommates, barely pulling it off now with a fiancé. There's no way I could buy a house now. I'm not even sure we could upgrade if we needed to.

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  • [–] 1 point 1 year ago

    something similar happened to my recently moved in neighbor, he thought it was because he had achild, no your PARENTS chipped for the house and renovations, you arnt paying for that almost 1.5-2mil hours on your own.

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  • [+] 31 points 1 year ago (2 children)
  • 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!

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  • [–] 30 points 1 year ago (4 children)

    You kidding me dude? I'm past 40 and not chance to own a house. Grad and masters degree, working in IT. Ah and uni was good and free. granted that was in the developing world, now living in 1st world, but still no house.

    When I was 7 my parents owned a house AND bought a beach house.

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  • [–] 2 points 1 year ago (3 children)

    what happened to all the money your parents had from those houses?

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  • [–] 5 points 1 year ago (2 children)

    If they're anything like mine they squandered it on expensive shit they didn't need. Mine even sold their nice old house to have a new smaller one built in a cramped housing development with an HOA and they broke even. I don't know wtf they were thinking.

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  • [–] 1 point 1 year ago (1 child)

    Mine even sold their nice old house to have a new smaller one

    that's exactly what my mother would do.

    she has this mindset that we need constantly changing products. she says it's like with clothing, if you always wear the same cloth, people will get tired of it and you need to buy new clothes all the time. she also says that spending a lot of money stimulates the economy. (she's actually right about this, only that it's her - no, our money that she's spending and the rich peoples economy where it's going to).

    i hate these kind of people. in my experience, these are people who are unable to not buy unnecessary stuff and just be content with how things are today.

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  • [–] 17 points 1 year ago (4 children)

    I got an MS in a STEM field and wasn't able to buy a house until I was 36, supervising multiple employees, and married to someone who also contributed.

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  • [–] 2 points 1 year ago (3 children)

    you're lucky, what major was it, i had a friend who got the MS version of BS degree, no job, but she had a partner so shes pretty much fine, since she already gave up searching for a job like less than 6 months.

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  • [–] 2 points 1 year ago* (2 children)

    a lot of people it takes years to find a job. esp if they are picky. my brother has been unemployed for 3 years but only because he's a snob and refuses to work for a non-elite company.

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  • [–] 1 point 1 year ago* (1 child)

    cherry picking yea is a problem too. does he have experience in the field, he shouldve gone for any job thats in field. some people have been searching for years but dint cherry pick and they left eh field as a result of the low job prospects. the longer your bro waits, the less likely he will get hired, because time between your school(job gap) only increases, if his study was in tech, it would be foolish for him to not take a tech job, lol. my bros are in tech and it took them at least 1 year to find a job in tech, this was pre-pandemic of course.

    other stems have a much harder to time getting into.

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  • [–] 1 point 1 year ago*

    I've interviewed people over the years in IT.

    A lot of candidates are complete morons, regardless of experience or education. We hire the people who show competence in the interview... a lot of people simple have zero.

    and in helping some friends/people over the years get job... usually the biggest issue is how they don't actually properly apply or sell themselves. They blast out some generic shitty resume/cover letter for every job and just expect it will get them hired, instead of tactfully marketing themselves to the employer.

    Applying to jobs is a skill, like any other.

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  • [–] 17 points 1 year ago (1 child)

    Where they give you houses for going to college? Did I missed a promotion?

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  • [–] 45 points 1 year ago (13 children)

    What makes you think people with degrees can afford a house by 30?

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  • [–] 8 points 1 year ago (7 children)

    I think people with degrees are less likely to own a house by the age of 30, because they studied longer and have to pay off debt first. The only reason i own a house is because i found one for super cheap and renovated it myself.

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  • [–] 5 points 1 year ago (6 children)

    That’s probably the best strategy. Or buying a duplex and renting half of it. Either way now-a-days in America you gotta be willing to put ALOT of sweat equity in the get a shelter

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  • [+] 5 points 1 year ago (5 children)
  • [–] 1 point 1 year ago (3 children)

    Right, but you’d try to find a distressed duplex for the same price as a single family. If you’re gonna risk buying a shitter and fixing it, might as well get an additional income.

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  • [+] 1 point 1 year ago (2 children)
  • [–] 1 point 1 year ago

    Most people use this trick when they have friends or family and the rental is a mutually beneficial situation. but when you get into larger homes and commercial redesignation, we’ve turned a lot of old mansions and warehouses into 4+ unit condos.

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  • [–] 5 points 1 year ago (3 children)

    I usually hear people say US wages are great, and yet we managed to buy a house in our 20s when I was on near UK minimum wage. That was a couple of years ago as I am not in my 20s anymore. But I can still save up hundreds a month without even trying very hard.

    No degree, no driving licence. The internet gave me the impression it wasn't this easy. I would acknowledge only having unstable work at best must suck a lot more though.

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  • [–] 1 point 1 year ago (2 children)

    I live in a European capital, and house prices have outpaced wages a long time ago.

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  • [–] 15 points 1 year ago

    if you go to college you can't even afford to pay for it by 30.

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  • [–] 29 points 1 year ago

    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.

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  • [–] 24 points 1 year ago (7 children)

    Exactly! Learn a good profession like electrician, woodworker, furniture making… any kind of profession where you can create beautiful products and services customers love.

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  • [–] 0 points 1 year ago (4 children)

    The trade-off is that finding a job that doesn't require the large debt that comes with college means the job might not pay enough for a house, or if it does, its the kind of job where you don't get much time to actually spend at said house.

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  • [–] 10 points 1 year ago (1 child)

    They didn't say "find a job", they said "learn a profession" it's a different thing. It's learning a skilled trade. You have to learn a trade first, then you can find the high paying job. Your early 20s will be relatively low paying, but by the time you are 30, you should have multiple years of being a journeyman under your belt and should be making good money.

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  • [–] 6 points 1 year ago

    I understand. Skilled trade is still a job that one needs to find in order to get paid. You either need to go to trade school then find a job or find someone to take on an apprentice and learn on the job.

    Those jobs might pay well after a while, but what I wouldn't like is the reason those jobs pay well is usually because they require a lot of overtime. So yes you might be able to buy a house, but you won't get to spend as much time actually living in it.

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  • [–] 21 points 1 year ago (1 child)

    38 with a masters degree. No house in sight. Good luck. Remember, there is always [redacted].

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  • [–] 19 points 1 year ago*

    You don't. None of my highly educated friends own a house while the ones working in trades do.

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  • [–] 9 points 1 year ago (3 children)

    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.

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  • [–] 2 points 1 year ago

    You touched on a core part of the issue, which is seeing housing/real estate as an investment which has driven up costs significantly while encouraging owners to be against new construction.

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  • [–] 8 points 1 year ago (1 child)

    Who pays off a house by the time they are 30?

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  • [–] 8 points 1 year ago

    Depending on the field, going to college might not significantly improve your chances.

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  • [–] 8 points 1 year ago*

    There was once a time when people educated themselves not because they wanted a particular job in the economy, but because they saw value in education and wanted to participate in the human tradition of advancing the specie’s ability to understand and use nature. You didn’t need school to be a blacksmith, for example, but perhaps just an apprenticeship (experience).

    There’s a point to be made here, about how this degrades the value of education. It’s great for capitalism, making survival—or “living well”—contingent on qualifications derived from paid education. But what have we lost in this process? It feels, to me at least, like we’ve created a culture where education is a mere lineitem on a checklist. How might that change what education is, what it’s expected to be, and what sort of innovation comes from it?

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  • [–] 6 points 1 year ago

    We should go to college for free if we choose to and also be able to afford a house regardless of our employment type I agree.

    Reasons for going to college....

    Our president sucks balls in every way possible and you would like to be president and do good via the knowledge gained.

    You would like to design spacecraft.

    You would like to give others brain surgeries with successful outcomes.

    Your bus in never on time and you would like to fix that or have a say in the reasons why a bus might be late.

    You like cheese and would like to discover new types of cheese via biology and chemistry. Oh shit, you accidentally invented antigravity, there goes your cheese.

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  • Land owning isn't meant to be for serfs lol.

    I had a friend from Germany who mentioned once that owning property there is very rare for most people unless they're from very old conservative generational wealth. He said that houses and property often end up passed down in the same families over and over. He was well educated and happy with his career, but he never had any kind of expectation he would get to own property at some point in his life.

    Not sure where you're from, but it kind of feels like the U.S. is becoming more and more like that. Except, we also don't get healthcare, and to even get the privilege of an education people are increasingly having to take on a level of debt that one would expect to take on as an investment in property even though there is no guarantee your investment will pay off. It's concerning though, that when this is pointed out to people, it's often cited as a reason you just shouldn't bother with college.

    Owning private property is becoming more and more a privilege reserved for only the elite, not an expectation or "entitlement." Ok, well that kind of sucks, but I guess you don't have to own property to have a decent life.

    But, then it's clear we're supposed to accept that healthcare is somehow also becoming a privilege reserved for the elite and not an expectation or "entitlement?"

    And, we're hearing conservatives, often from backgrounds of generational wealth, talk more and more about abolishing the department of education. So, that means that soon we could be expected to view education of any kind (not just college) as something we're not "entitled" to.

    It's also clear that many of the people creating these policies, and encouraging other people not to waste their time on worthless college degrees, were born into lives where our "entitlements" are simply their default expectations.

    However, when they address their voters, it's always the "entitled" and the "educated elites," who are somehow responsible for their hardships, the overall decline in their quality of life, and the lack of opportunities and resources that have gradually become the default expectation for most Americans.

    The "entitled" takers who want to be handed what can only be obtained through hard work and sacrifice that will pay off as long as you really try. And if it doesn't, you shouldn't start asking questions of "why," like those educated elites, you should just accept that you must have done something, that those who have what you don't, would have done differently, in order to rise to the top.

    I'm smart enough to know that the reason I don't own property and probably never will, isn't because I haven't tightened my belt enough, or pulled myself up by my bootstraps, or because of my worthless college degree that has brainwashed me into believing I'm entitled to something I'm not.

    Neither of my parents went to college, yet they were always told the same bullshit when they asked too many questions about why the game always felt so rigged no matter how hard you tried.

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  • [–] 11 points 1 year ago

    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.

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  • [–] 10 points 1 year ago (2 children)

    you used to be able to afford a house on a single minimum wage job

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  • [–] 4 points 1 year ago

    Yeah.

    Honestly, I'm just avoiding having kids and hope we don't start killing each other for food and water by the time I die.

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  • [–] 4 points 1 year ago (4 children)

    This is why we need tiny houses, trailer homes, etc! We also need to get rid of these real estate corporations that are manipulating the prices of everything we need to live with, especially housing!!! :-(

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  • [–] 6 points 1 year ago (2 children)

    You need apartment buildings. Lots of them. Individual houses are extremely wasteful and isolate everyone from each other.

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    [–] 4 points 1 year ago

    I didn't go to college and I bought a house at 30

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  • [–] 13 points 1 year ago (4 children)

    You shouldn't have to work to be able to live, period.

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  • four people disagreeing because they think if people's place in society is not tied to their productivity, then all the lazy foreigners are gonna come in and take our spot. only our heroic (self-sacrificing) eternal push to increase our bosses' pockets are enough of an excuse to consume oxygen and continue to eat (massive /s)

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  • [–] -3 points 1 year ago (1 child)

    I mean, someone has to work. How do you choose who the unlucky bastards are that get sent to the field to grow food for the people who don't have to work?

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  • How do you choose who the unlucky bastards are that get sent to the field to grow food for the people who don’t have to work?

    Preferably, they'd be people without disabilities that prevent them from doing that kind of work. OP didn't say, "Nobody should work," just that being able to live shouldn't be dependent on working.

    For millions of people with disabilities, the difference between those two ideas is life-changing. It's important not to conflate them.

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  • [–] 7 points 1 year ago (1 child)

    Should go to trade school instead.

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  • 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.

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  • [–] 3 points 1 year ago

    we shouldnt have to afford a house

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  • [–] 6 points 1 year ago (6 children)

    You dont have to go to college to afford a house by 30.

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  • [–] 4 points 1 year ago (2 children)

    Louisiana baby. 2100 sqft 0.3 acre 4 bed 2 bath recently renovated for 130k

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  • [–] 7 points 1 year ago* (last edited 1 year ago) (1 child)

    I think this post should be home that you own. I'm going to say something controversial in that, in the US, I actually think houses should be expensive. I think a single family dwelling >1500sqft on a half acre or more of land is a luxury, and most people don't need to have that much land and space all to themselves. The problem is that that's ALL that's available for most regions in the US. The US is suffering from foolish post-war suburban centric zoning codes that prohibit building medium density housing ("the missing middle"). We need to change zoning codes across the country to encourage building up "gentle density" and mixed use areas, even in rural regions, because they use land and infrastructure much more effectively and efficiently. They raise more revenue for towns while bringing down home prices. If everyone had the option to buy a place of their own <1000sqft with a small land footprint, I don't think there would be as much dissatisfaction with not being able to afford a "house".

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  • [–] 1 point 1 year ago

    I totally would love a tiny house. Hell, land is still affordable where I live and it’s still feasible to put a trailer on it and chill.

    I wouldn’t mind permanent apartment living either if they built the buildings better. I don’t want to fall victim to a neighbor who doesn’t take care of their home; basically if they have rats or make noise, I don’t want the rats nor do I want to hear the neighbor. It’s just too much to deal with the older I get.

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  • I had a house before 30. It was okay I guess. Sold due to divorce, now I rent again. I'd love to own another house but not the glorified trailer I had before

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