Op thinks we can afford a house by 30 if we go to college. Image
We shouldn't have to go to college in order to afford a house by 30.
Submitted 2 weeks ago by theoneandonlyeggboi@lemmings.world to showerthoughts@lemmy.world
Comments
Monster96@lemmy.world 2 weeks ago
SpankyDoodle@eviltoast.org 2 weeks ago
36 and counting…
Iunnrais@lemmy.world 2 weeks ago
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?
TronBronson@lemmy.world 2 weeks ago
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 🥲
freebee@sh.itjust.works 2 weeks ago
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.
dfyx@lemmy.helios42.de 2 weeks ago
I went to college, I’m way over 30. Buying a house is a vague dream.
cenzorrll@piefed.ca 2 weeks ago
I got lucky and bought a house in 2015 at 28, I barely pulled it off with roommates, barely pulling it off now with a fiancé. There’s no way I could buy a house now. I’m not even sure we could upgrade if we needed to.
Tollana1234567@lemmy.today 2 weeks ago
something similar happened to my recently moved in neighbor, he thought it was because he had achild, no your PARENTS chipped for the house and renovations, you arnt paying for that almost 1.5-2mil hours on your own.
MissJinx@lemmy.world 2 weeks ago
I’m 43 and only now buying a house. And that’s because I don’t have loans (not american)
atcorebcor@sh.itjust.works 2 weeks ago
What makes you think people with degrees can afford a house by 30?
FatVegan@leminal.space 2 weeks 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 weeks 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
Korhaka@sopuli.xyz 2 weeks ago
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.
atcorebcor@sh.itjust.works 2 weeks ago
I live in a European capital, and house prices have outpaced wages a long time ago.
Appoxo@lemmy.dbzer0.com 2 weeks ago
And especially after goibg to an US college.
All I heard so far, you will be even further away from reaching the house goal.
Harkronis@kbin.melroy.org 2 weeks ago
People have gone to college and still can't even afford a single home, much less, a suitable apartment spot.
SoleInvictus@lemmy.blahaj.zone 2 weeks ago
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!
Tollana1234567@lemmy.today 2 weeks ago
or the job field is soo dismal , catch 22.
trolololol@lemmy.world 2 weeks ago
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.
TubularTittyFrog@lemmy.world 2 weeks ago
what happened to all the money your parents had from those houses?
lightnsfw@reddthat.com 2 weeks ago
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.
Thedogdrinkscoffee@lemmy.ca 2 weeks ago
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.
notsosure@sh.itjust.works 2 weeks ago
Exactly! Learn a good profession like electrician, woodworker, furniture making… any kind of profession where you can create beautiful products and services customers love.
Swaus01@piefed.social 2 weeks ago
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 jobsAnd 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
stephen@lemmy.today 2 weeks ago
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.
School_Lunch@lemmy.world 2 weeks ago
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.
IrateAnteater@sh.itjust.works 2 weeks ago
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.
WALLACE@feddit.uk 2 weeks ago
A good tradesman can make a very good living. I know a builder who paid his mortgage off in his early 30’s.
frustrated@lemmy.world 2 weeks ago
38 with a masters degree. No house in sight. Good luck. Remember, there is always [redacted].
MrMcGasion@lemmy.world 2 weeks ago
Squatters rights?
Vorticity@lemmy.world 2 weeks ago
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.
Tollana1234567@lemmy.today 2 weeks ago
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.
TubularTittyFrog@lemmy.world 2 weeks ago
a lot of people it takes years to find a job.
Perspectivist@feddit.uk 2 weeks ago
You don’t. None of my highly educated friends own a house while everyone working in trades do.
FlashMobOfOne@lemmy.world 2 weeks ago
You shouldn’t have to work to be able to live, period.
cRazi_man@europe.pub 2 weeks ago
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.
gandalf_der_12te@discuss.tchncs.de 2 weeks ago
four people disagreeing because they think if people’s self-worth 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)
Pyr_Pressure@lemmy.ca 2 weeks ago
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?
Whats_your_reasoning@lemmy.world 2 weeks ago
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.
SatansMaggotyCumFart@piefed.world 2 weeks ago
The only people I know with houses are the ones with rich parents and it doesn’t matter if they went to college or not.
daniskarma@lemmy.dbzer0.com 2 weeks ago
Where they give you houses for going to college? Did I missed a promotion?
Tollana1234567@lemmy.today 2 weeks ago
if you a rich person yea, you can guaranteed to have a house because your parents are paying.
oyo@lemmy.zip 2 weeks ago
Everyone should have to go to college. We have an epidemic of stupidity.
fulcrummed@lemmy.world 2 weeks ago
I’m not sure college fixes that.
IronBird@lemmy.world 2 weeks ago
a properly designd public primary education system fixes that, the US’s was specifically designed to create compliant factory workers…then they took all the factory jobs anyway.
Mouselemming@sh.itjust.works 2 weeks ago
Going to college can inform, but doesn’t cure innate stupidity. And if the student is particularly willful, they can hold onto their ignorance as well.
Case in point: Trump.
masterspace@lemmy.ca 2 weeks ago
You are right, all the comments replying to you are making vacuous individualist arguments like ‘it won’t work every single time’, when what’s important is that ‘on average, it will raise intelligence and the ability to critically evaluate situations’.
The internet loves to just regurgitate what they heard before and only deal in absolutes, so right now it’s that they would have made more money in the trades, so suddenly college and higher education is meaningless and provided no value to them. It’s honestly embarassing how much they’re just buying into right wing propaganda.
TubularTittyFrog@lemmy.world 2 weeks ago
the easiest way to make big money in any area… is have family/connections in that area.
snooggums@piefed.world 2 weeks ago
Everyone should have access to a free college education, but not everyone benefits from it and it certainly does not guarantee intelligence.
HubertManne@piefed.social 2 weeks ago
it would be better to add elementary logic as a requirement to graduate high school. I would also add a class where you have to read and present a paper in stem and political science and philosophy.
TubularTittyFrog@lemmy.world 2 weeks ago
why do you think that would do anything?
i litereally taught those subjects for 3-4 years. Trust me. for most students its just another stupid class they don’t want to take, they won’t learn anything. maybe 10% of those enrolled will actually learn anything.
I mean, how many people do you know as adults that remember how to do do an integral even those they took Calculus?
SaveTheTuaHawk@lemmy.ca 2 weeks ago
if you go to college you can’t even afford to pay for it by 30.
tensorpudding@lemmy.world 2 weeks ago
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.
Nefara@lemmy.world 2 weeks ago
I’m going to say something controversial in that this post should be home that you own. In the US, since that’s what I know about, 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, 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 areas, because they use land 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”.
thingAmaBob@lemmy.world 2 weeks ago
I totally would love a tiny house. Hell, land is still affordable where I live and it’s still feasible to put a trailer on it and chill.
I wouldn’t mind permanent apartment living either if they built the buildings better. I don’t want to fall victim to a neighbor who doesn’t take care of their home; basically if they have rats or make noise, I don’t want the rats nor do I want to hear the neighbor. It’s just too much to deal with the older I get.
IronBird@lemmy.world 2 weeks ago
you used to be able to afford a house on a single minimum wage job
Tollana1234567@lemmy.today 2 weeks ago
maybe 60 years ago.
possiblylinux127@lemmy.zip 2 weeks ago
What people often glance over is that housing was heavily subsidized after WWII
possiblylinux127@lemmy.zip 2 weeks ago
What people often glance over is that housing was heavily subsidized after WWII
partofthevoice@lemmy.zip 2 weeks ago
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 how sort of innovation comes from it?
SunshineJogger@feddit.org 2 weeks ago
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.
UltraGiGaGigantic@lemmy.ml 2 weeks ago
Who pays off a house by the time they are 30?
LordCrom@lemmy.world 2 weeks ago
Im glad i bought my home 20 years ago… no way i could afford a 3-2 at todays going rate.
I blame all the house flipping shows. Made everyone think they could buy a house, paint it, then resell for 100k more.
rumba@lemmy.zip 2 weeks ago
Depending on the field, going to college might not significantly improve your chances.
IWW4@lemmy.zip 2 weeks ago
You dont have to go to college to afford a house by 30.
discocactus@lemmy.world 2 weeks ago
Should go to trade school instead.
AcidiclyBasicGlitch@sh.itjust.works 2 weeks ago
Land owning isn’t meant to be for serfs lol.
I had a friend from Germany who mentioned once that owning property there is very rare for most people unless they’re from very old conservative generational wealth. He said that houses and property often end up passed down in the same families over and over. He was well educated and happy with his career, but he never had any kind of expectation he would get to own property at some point in his life.
Not sure where you’re from, but it kind of feels like the U.S. is becoming more and more like that. Except, we also don’t get healthcare, and to even get the privilege of an education people are increasingly having to take on a level of debt that one would expect to take on as an investment in property even though there is no guarantee your investment will pay off. It’s concerning though, that when this is pointed out to people, it’s often cited as a reason you just shouldn’t bother with college.
Owning private property is becoming more and more a privilege reserved for only the elite, not an expectation or “entitlement.” Ok, well that kind of sucks, but I guess you don’t have to own property to have a decent life.
But, then it’s clear we’re supposed to accept that healthcare is somehow also becoming a privilege reserved for the elite and not an expectation or “entitlement?”
And, we’re hearing conservatives, often from backgrounds of generational wealth, talk more and more about abolishing the department of education. So, that means that soon we could be expected to view education of any kind (not just college) as something we’re not “entitled” to.
It’s also clear that many of the people creating these policies, and encouraging other people not to waste their time on worthless college degrees, were born into lives where our “entitlements” are simply their default expectations.
However, when they address their voters, it’s always the “entitled” and the “educated elites,” who are somehow responsible for their hardships, the overall decline in their quality of life, and the lack of opportunities and resources that have gradually become the default expectation for most Americans.
The “entitled” takers who want to be handed what can only be obtained through hard work and sacrifice that will pay off as long as you really try. And if it doesn’t, you shouldn’t start asking questions of “why,” like those educated elites, you should just accept that you must have done something, that they would have done differently, in order to rise to the top.
I’m smart enough to know that the reason I don’t own property and probably never will, isn’t because I haven’t tightened my belt enough or pulled myself up by my bootstraps, or thanks to my worthless college degree that has brainwashed me into believing I’m entitled to something I’m not.
Neither of my parents went to college, yet they were always told the same bullshit when they asked too many questions about why the game always felt rigged no matter how hard you tried.
altphoto@lemmy.today 2 weeks ago
We should go to college for free if we choose to and also be able to afford a house regardless of our employment type I agree.
Reasons for going to college…
Our president sucks balls in every way possible and you would like to be president and do good via the knowledge gained.
You would like to design spacecraft.
You would like to give others brain surgeries with successful outcomes.
Your bus in never on time and you would like to fix that or have a say in the reasons why a bus might be late.
You like cheese and would like to discover new types of cheese via biology and chemistry. Oh shit, you accidentally invented antigravity, there goes your cheese.
jaykrown@lemmy.world 2 weeks ago
Let’s all spend time learning about construction and planning and build our own housing!
SoftestSapphic@lemmy.world 2 weeks ago
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.
unexposedhazard@discuss.tchncs.de 2 weeks ago
Going to college doesnt allow you to buy a house at 30 either lol
AdamEatsAss@lemmy.world 2 weeks ago
I majored in buying houses
Tollana1234567@lemmy.today 2 weeks ago
thats usually called flipping houses, or you are well off enough to buy and rent out houses or apartments.
SaveTheTuaHawk@lemmy.ca 2 weeks ago
NOT IF YOU DRINK THE STARBUCKS EVERY DAY.
SoleInvictus@lemmy.blahaj.zone 2 weeks ago
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.
fluckx@lemmy.world 2 weeks ago
I CAN LIVE WITH THAT AS LONG AS YOU I CAN STILL HAVE MY AVOCADO TOAST.
thevoidzero@lemmy.world 2 weeks ago
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
happydoors@lemmy.world 2 weeks ago
It did the opposite for me!