• YoBuckStopsHere@lemmy.world
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    1 year ago

    No, you just have to save money for a down payment. It’s not easy but you put that down and then you’re paying about $1500 to $2500 a month.

    • foggy@lemmy.world
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      1 year ago

      …for a $400,000 home, to pay $2,000 a month with current interest rates, your downpayment would need to be 50%>

      You would need $200,000 cash in hand.

      • captainlezbian@lemmy.world
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        1 year ago

        Can you not do that? Maybe try budgeting and learning a marketable skill like programming or plumbing instead of having a degree in gender studie /s

        • FrankTheHealer@lemmy.world
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          1 year ago

          I dare you to post on a programming community, asking how long it would take for the average software developer to save 200k USD. Maybe only if you are a senior developer working for a huge silicon valley company. Or maybe working in a niche role that no one else can do so you can negotiate a better salary.

          But the average college graduate coming into that field is not making anywhere near enough to save 200K. Especially not in the US because of student loans. And likely not overseas either because the IT sector isn’t as big as it would be in the US.

          For context, I live in Ireland, and while we do have a lot of big companies setting up shop here, literally just for tax reasons, and we have most university courses paid for by the government (aside from 3k that most students must pay themselves). But even despite all that, the cost of living is horrendous here. Nobody that doesn’t already come from wealth would be able to save 200K.

          So respectfully, you need a reality check if you think that just by having a marketable skill, one can realistically achieve what’s necessary to own their own home in this day and age.

          • captainlezbian@lemmy.world
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            1 year ago

            I tagged it sarcasm for a reason. My wife has a CS degree I know exactly how bad it is for programmers. Also I’m an engineer. Together we might have enough money that we could theoretically raise a small family and own a house if we’re frugal.

      • YoBuckStopsHere@lemmy.world
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        1 year ago

        You’ll probably have enough saved around age 28-30 in most cities. It seems large but it’s doable. Then you just have to get through the bidding war.

            • jackalope@lemmy.ml
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              1 year ago

              Your experiences aren’t universalisable. Part of growing up into an adult, is understanding that. The inability to understand that is quite literally “arrested development”.

              • SaakoPaahtaa@lemmy.world
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                1 year ago

                Of course there’ll be edge cases, but generally yes. Just save money, stop bitching, buy a house from outside the city centre. Some tips for yall, that you’re not gonna listen as you’re already knee-deep in memes and self-sorrow. Sad

                  • SaakoPaahtaa@lemmy.world
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                    1 year ago

                    That is your baseless opinion fueled by an emotional reaction to being told to work for your dreams. Lack of discipline would be a bigger problem in my honest opinion.

    • Bonskreeskreeskree@lemmy.world
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      1 year ago

      Average entry level home in my state is over 250k. 20% down payment is 50k. How many years will it take for someone actually making 115k to save that up? Stop boot licking

      • WarmSoda@lemm.ee
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        1 year ago

        You call someone that can’t afford a house a bootlicker, and your also calling someone that can afford a house a bootlicker.

        Pick your lane dude

    • Lettuce eat lettuce@lemmy.ml
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      1 year ago

      Oh, that’s all? Wow! So simple! I guess to be a millionaire, you just have to save a million dollars, it’s not easy, but once you have put aside a million dollars, you’re a millionaire, simple as that!

      Shut up.