You dont have to go to college to afford a house by 30.
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.
What makes you think people with degrees can afford a house by 30?
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.
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
At least 3 years of only saving my pay to afford a shack. Still better than what Americans get.
I’m over 40 and could only buy a house somewhere in nowhere land with massive commute needs.
It’s not feasible and I earn way over average salary.
It’s pretty much only a problem in the US.
No…. It’s substantially worse in Canada, Australia, New Zealand, UK, umm I’m sure more but I read about theirs most.
No it’s not. In France it’s just as much of a problem if you live in one of the big cities.
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.
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.
going to college isnt a guaranteed anymore, at least not in the last 10years. unless your in tech,starting at 22yo yea you would be able to, but only if you did in the last 10years. maybe engineering, other stems not so much, let alone a job in that field entry level. most universities have very little resources devoted to lab work which are usually exclusively limited to specific PI of those schools, and they have thier own requirements. gatekeeped jobs for many stem fields, higher degree requirement despite what the job listing says, and the same goes for experience, honestly its mostly nepo hiring for half of the jobs anyways. Maybe NURSING, especially if you are going as a travllening nursing. MS/PHD puts you into too much financial hole. MD/LAWYer, well off people can afford it , because thier parents are usally well off to do it. hence why alot of mds and lawyers are often coming from wealthy families.
as most lower tier schools either dont spend resources or dont have any dedicated to developing peoples career track in the form lab/volunteer work.
you used to be able to afford a house on a single minimum wage job
maybe 60 years ago.
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 🥲
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?
People have gone to college and still can’t even afford a single home, much less, a suitable apartment spot.
or the job field is soo dismal , catch 22.
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!
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”.
Going to college doesnt allow you to buy a house at 30 either lol
It did the opposite for me!
I majored in buying houses
thats usually called flipping houses, or you are well off enough to buy and rent out houses or apartments.
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.
That’s ignoring that the house prices are going up by more than $1,200 per year. If you save everything, you’ll still be further away from owning a house every year.
💲 Fine auntses 💲
I CAN LIVE WITH THAT AS LONG AS YOU I CAN STILL HAVE MY AVOCADO TOAST.
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
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?
