Only good way to get a house by age 30 is to become a plumber, electrician or other type of job that pays well with minimal study and save up while living at parents or sharing a flat with 3 mates.
Then you need to save heavily and invest in stocks and/or bonds with the saved money so you can beat inflation. With around 30k saved per year it’s possible to get pretty early onto the property ladder.
Going to college and living somewhere in NYC for example will get you nowhere close to 30k a year with student debt and if you have a kid you’re screwed.
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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.
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.
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.
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.
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.
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.
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!!! :-(
You need apartment buildings. Lots of them. Individual houses are extremely wasteful and isolate everyone from each other.
Ah apartments, another way for you to never own anything and be on a subscription model for life.
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Where they give you houses for going to college? Did I missed a promotion?
if you a rich person yea, you can guaranteed to have a house because your parents are paying.
You shouldn’t have to work to be able to live, period.
The right to live with dignity should not be dependent on productivity.
Anyone working full time should always be able to easily provide for themselves and a “reasonable size” family.
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?
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.
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)
Let’s all spend time learning about construction and planning and build our own housing!
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!
or the job field is soo dismal , catch 22.
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you used to be able to afford a house on a single minimum wage job
maybe 60 years ago.
What people often glance over is that housing was heavily subsidized after WWII
What people often glance over is that housing was heavily subsidized after WWII
Should go to trade school instead.
And build your own shelter with the results.
we shouldnt have to afford a house
Op thinks we can afford a house by 30 if we go to college.
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 🥲
People I know with most real estate are 2 kinds.
- inherited everything.
- 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.
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
Also you could still rent a house back in 2008 for like $400-$1000 so the living with the parents thing wasn’t a necessity back then. We’d have 4 dudes in a 2 bedroom housing paying 2-$300 a month
36 and counting…
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?
if you go to college you can’t even afford to pay for it by 30.
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.
