Going to college doesnt allow you to buy a house at 30 either lol
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 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
It did the opposite for me!
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
What makes you think people with degrees can afford a house by 30?
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.
I live in a European capital, and house prices have outpaced wages a long time ago.
Capital cities are always more expensive though
Yeah that doesn’t take away from how they shouldn’t be. The only reason they are expensive is because we are not responding to the rising demand because regulation prevents it causing speculation exacerbated by mortgage subsidies.
And especially after goibg to an US college.
All I heard so far, you will be even further away from reaching the house goal.
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 happened to all the money your parents had from those houses?
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.
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.
Yeah I feel like I’m taking crazy pills when I talk to them a lot of the time. Seems like most people I know are similar to varying degrees too. It’s depressing.
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.
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.
Exactly! Learn a good profession like electrician, woodworker, furniture making… any kind of profession where you can create beautiful products and services customers love.
When we’re at school the teachers never actually take the time to talk about:
- what non-university educated careers
- what they involve
- how to pursue trades based jobs
And it’s weird, because I’m sure everyone would love to at least dabble in woodworking or some other form of craftsmanship. But they don’t get the chance to.
The school-university pipeline works for a lot of people, but I don’t think uni straight after school is the ideal situation for most people. It means we lose sight of what education is actually for, outside of progression to further qualifications
Home economics and shop class used to be pretty common, but most folks don’t take them anymore either because they aren’t offered or students aren’t aware they exist.
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.
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.
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.
A good tradesman can make a very good living. I know a builder who paid his mortgage off in his early 30’s.
It’s also one of the last bastions of hard work paying off.
Except private equity is increasingly getting involved.
38 with a masters degree. No house in sight. Good luck. Remember, there is always [redacted].
Squatters rights?
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.
You don’t. None of my highly educated friends own a house while the ones working in trades do.
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.
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.
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?
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.
What is “way over average”?
i know people in their late 20s that are buying houses on salties of like 80k-120k. I make like 45ish on average, but people my age are buying houses
I make 150K and to buy an affordable home that isn’t a teardown, say under 600K, you need a two hour commute from the downtown area. Anything inside an hour of the downtown is more like 800K+ and being bought up by people with family money or 300-400K yearly incomes. someone making 45K in my city needs to live multiple people to a bedroom to afford rent.
But it’s all about where you live and the incomes. Where I live 150K income puts you only in the top 20% of households. And I don’t have family money backing me like most of my peers in the housing market. Most of my friends got 100-200K gifts from family to buy their homes.
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53% above average of my country.
Buying a house without signing up for a lifetime crippling dept is plain impossible in large cities.
To get into a cost range where my wife (same salary) and I feel comfortable to take on a loan requires us to move roughly one or two hours train travel out into the countryside.
Yeah, the debt is kind of just a given these days. My friends that have houses have 30 year mortgages. I personally prefer renting because i have pretty severe wander lust and hop around every few years
