Comment on We shouldn't have to go to college in order to afford a house by 30.
atcorebcor@sh.itjust.works 2 months ago
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.
FatVegan@leminal.space 2 months ago
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.
TronBronson@lemmy.world 2 months ago
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
Jack_Burton@lemmy.ca 2 months ago
That’s just buying two houses to rent one though
TronBronson@lemmy.world 2 months ago
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.
UltraGiGaGigantic@lemmy.ml 2 months ago
Not a fan of capitalism? Just exploit the working class duh!