Who pays off a house by the time they are 30?
We shouldn't have to go to college in order to afford a house by 30.
Submitted 4 months ago by theoneandonlyeggboi@lemmings.world to showerthoughts@lemmy.world
Comments
UltraGiGaGigantic@lemmy.ml 4 months ago
TubularTittyFrog@lemmy.world 4 months ago
People who have inherited wealth, won the lottery, or made a tremendously good stock investments.
AcidiclyBasicGlitch@sh.itjust.works 4 months 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.
jaykrown@lemmy.world 4 months ago
Let’s all spend time learning about construction and planning and build our own housing!
partofthevoice@lemmy.zip 4 months 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?
SoftestSapphic@lemmy.world 4 months 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.
altphoto@lemmy.today 4 months 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.
rumba@lemmy.zip 4 months ago
Depending on the field, going to college might not significantly improve your chances.
olafurp@lemmy.world 4 months ago
Only good way to get a house by age 30 is to become a plumber, electrician or other type of job that pays well with minimal study and save up while living at parents or sharing a flat with 3 mates.
Then you need to save heavily and invest in stocks and/or bonds with the saved money so you can beat inflation. With around 30k saved per year it’s possible to get pretty early onto the property ladder.
Going to college and living somewhere in NYC for example will get you nowhere close to 30k a year with student debt and if you have a kid you’re screwed.
frustrated@lemmy.world 4 months ago
38 with a masters degree. No house in sight. Good luck. Remember, there is always [redacted].
MrMcGasion@lemmy.world 4 months ago
Squatters rights?
LucidiaDiamond@sh.itjust.works 4 months ago
The necessity of college more indicates that our public education system doesn’t go far enough. High school should go up to the bachelor level and masters/Phd programs should be extended. There just isn’t enough time to catch up to the latest science. Our knowledge is expanding after all.
cows_are_underrated@feddit.org 4 months ago
High school should go up to the bachelor level
The reason college/university exist is to allow people to chose what to learn specifically. There is no way to extend highschool to a bachelor level, since there are so god damn many different bachelors. It is not realistic to extend highschool so much, that you can teach people a bachelor degree in, as example, physics or engineering.
burgermeister@sh.itjust.works 4 months ago
I had a house before 30. It was okay I guess. Sold due to divorce, now I rent again. I’d love to own another house but not the glorified trailer I had before
IWW4@lemmy.zip 4 months ago
You dont have to go to college to afford a house by 30.
ameancow@lemmy.world 4 months ago
Likewise, going to college alone does nothing to ensure you’re going to get a job that can afford a house.
Korhaka@sopuli.xyz 4 months ago
If anything I suspect it may hinder your chances. 3 years not earning and debts to pay back.
rmrf@lemmy.ml 4 months ago
Louisiana baby. 2100 sqft 0.3 acre 4 bed 2 bath recently renovated for 130k
IWW4@lemmy.zip 4 months ago
Exactly and those sorts of deals are everywhere.
Now is the house in some place you would want to live. Well that is another question.
WorldsDumbestMan@lemmy.today 4 months ago
At least 3 years of only saving my pay to afford a shack. Still better than what Americans get.
ArchmageAzor@lemmy.world 4 months ago
It’s pretty much only a problem in the US.
TronBronson@lemmy.world 4 months ago
No…. It’s substantially worse in Canada, Australia, New Zealand, UK, umm I’m sure more but I read about theirs most.
teolan@lemmy.world 4 months ago
No it’s not. In France it’s just as much of a problem if you live in one of the big cities.
atcorebcor@sh.itjust.works 4 months ago
What makes you think people with degrees can afford a house by 30?
Korhaka@sopuli.xyz 4 months 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 4 months ago
I live in a European capital, and house prices have outpaced wages a long time ago.
Appoxo@lemmy.dbzer0.com 4 months 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.FatVegan@leminal.space 4 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 4 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
SunshineJogger@feddit.org 4 months 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.
ThunderQueen@lemmy.world 4 months ago
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
SunshineJogger@feddit.org 4 months ago
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.
trolololol@lemmy.world 4 months 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 4 months ago
what happened to all the money your parents had from those houses?
lightnsfw@reddthat.com 4 months 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.
richardmtanguay@lemmings.world 4 months ago
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!!! :-(
Corridor8031@lemmy.ml 4 months ago
trailer homes and tiny houses?? just build aparments. It is not that hard wtf
teolan@lemmy.world 4 months ago
You need apartment buildings. Lots of them. Individual houses are extremely wasteful and isolate everyone from each other.
bridgeenjoyer@sh.itjust.works 4 months ago
Ah apartments, another way for you to never own anything and be on a subscription model for life.
Tollana1234567@lemmy.today 4 months ago
going to college isnt a guaranteed anymore, at least not in the last 10years.
Vorticity@lemmy.world 4 months 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 4 months 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 4 months ago
a lot of people it takes years to find a job.
IronBird@lemmy.world 4 months ago
you used to be able to afford a house on a single minimum wage job
possiblylinux127@lemmy.zip 4 months ago
What people often glance over is that housing was heavily subsidized after WWII
possiblylinux127@lemmy.zip 4 months ago
What people often glance over is that housing was heavily subsidized after WWII
Tollana1234567@lemmy.today 4 months ago
maybe 60 years ago.
Nefara@lemmy.world 4 months 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 4 months 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.
FlashMobOfOne@lemmy.world 4 months ago
You shouldn’t have to work to be able to live, period.
gandalf_der_12te@discuss.tchncs.de 4 months 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 4 months 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 4 months 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.
cRazi_man@europe.pub 4 months 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.
LordCrom@lemmy.world 4 months 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.
jaykrown@lemmy.world 4 months ago
You touched on a core part of the issue, which is seeing housing/real estate as an investment which has driven up costs significantly while encouraging owners to be against new construction.
Tollana1234567@lemmy.today 4 months ago
i think new buyers get low interest loans or something, they use it to flip the house.
Entertainmeonly@lemmy.blahaj.zone 4 months ago
Shit, I’d agree if companies like Blackrock didn’t exist.
underisk@lemmy.ml 4 months ago
we shouldnt have to afford a house
khepri@lemmy.world 4 months ago
Well the good news is banks really don’t give a shit and they make it pretty trivial to get yourself hundreds of thousands of dollars in debt whether you have a degree or not.
rabber@lemmy.ca 4 months ago
Iddidn’t go to college and I bought a house at 30
Harkronis@kbin.melroy.org 4 months ago
People have gone to college and still can't even afford a single home, much less, a suitable apartment spot.
Tollana1234567@lemmy.today 4 months ago
or the job field is soo dismal , catch 22.
SoleInvictus@lemmy.blahaj.zone 4 months 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!
Anonymouse@lemmy.world 4 months ago
26 Down votes? Who downvotes something like this?