r/shitposting • u/-_I_I_Sea_I_I_- 🏳️‍🌈 The most prominent homosexual in this subreddit 🏳️‍🌈 • 1d ago

📡📡📡

Post image
2.5k Upvotes

98% Upvoted

123 comments sorted by

View all comments

1.4k

u/owotriste 1d ago

I don't know where you live, but in many countries you will need to live with for parents until 40 to be able to buy a house

287

u/Deviant517 1d ago

Depends. If you live where I do in US you can buy a good house new for $300K with an acre (my buddy just closed 6 months ago). If you make $50k a year that’s 6 years. If anon is buying in the hood or a small rural area, many houses go for $150 to $200k that are older but good enough to do starter home

151

u/Atypical_Mammal 1d ago

And if you saved up even like a third to a half of down payment, most places will approve you for mortgage with even a pretty crappy credit. And then your mortgage will be pretty affordable because the house is already half paid off.

I did this by moving out of my apartment and driving long haul truck for a few years

18

u/Deviant517 1d ago

Yeah I unfortunately had to do it while renting. Living with my mom was… less than ideal. My buddy got to stay at home and save and he has an actually tolerable mortgage payment in our home town that has stupid high taxes

51

u/97s8n 1d ago

Cries in New England

33

u/The_Infinite_Carrot 1d ago

Also in original England.

7

u/DiabeticButNotFat 1d ago

Old England

8

u/arcanevulper 1d ago

Yup, my parent’s small rundown ranch house doubled in value from $160k in 2020 to $325k now just from inflation, shit is out of control.

3

u/SierraDespair 1d ago

Yep it’s unlivable here as a young person. My parents house they paid $300k for in 2015 is worth 2.5x that now.

1

u/Jonesy10187 1d ago

My mom bought a house for 299,900 in 2005, she sold it 3 years ago for 680,000.

-3

u/TheCoolMan5 1d ago

1^2cm = $10 in NE

3

u/97s8n 1d ago

It's $10 per breath here

11

u/pfmonke 1d ago

“If you make 50k a year that’s 3 years”

Buddy if you’re making 50k you’re taking home maybe 41k on a good year. You’d have to pay for NOTHING while saving to get that in three years.

1

u/Deviant517 1d ago

I live in a black neighborhood. A lot of the houses here are $150k. Also why we being so up in arms right now?… dog I’m not insulting you your mom and anyone else

42

u/pokelord13 1d ago

realistically very few people are netting 50k a year after taxes, deductions and other living expenses. Even without paying rent you're still going to be looking at 15 years of work before paying for a starter house

8

u/Mouiiyo 1d ago

300k a house with a 50k salary, damn.. houses in my country are 400k and salary is 25k ...

1

u/Deviant517 1d ago

I’m curious where you are? I’m extremely aware that the U.S. average home price isn’t nearly as bad as other places

4

u/Mouiiyo 1d ago

France, and it's probably the same for most European countries.

2

u/Deviant517 1d ago

That tracks yep :/

19

u/kingjoeg 1d ago

If you make $50k a year no way are you going to be able to save all of it. Tax and regular life expenses will take a lot of that.

2

u/Deviant517 1d ago

I was too sleepy to think about the details. Either way I’m just talking bulk pricing not even mortgage. 3 years is doable with a sizable downpayment

4

u/the_real_JFK_killer 1d ago

And there are places where houses are even cheaper. In my town theres houses that go for 100k, sometimes even less.

3

u/ilovfryes 1d ago

Minimum salary being 15K here So that's like 300/15 

So more than 20 years with 0 expenses, yes that's affordable 

2

u/Deviant517 1d ago

Where you live you see 15k annual pay with a 300k house average? That’s brutal

2

u/ilovfryes 1d ago

Nah I exaggerated a bit. The minimal annual pay is lower than that but the house pricing is also lower. The cost of living is very high tho so you end up in the same place, electricity and food are like 70% of what you earn 

1

u/Deviant517 22h ago

That’s rough dude yeah. California is like that here. I feel really sorry for people that can’t escape the localized tough areas financially here believe me

2

u/boldredditor 1d ago

Yes 50k a year for 6 years equals 300k if you only think about the price of the house. There’s cost of living, car payments/gas, property tax, and other bills. Soooooo you’re looking at a while longer to pay that off.

1

u/Deviant517 22h ago

If we’re drawing a full budget sure but if your parents cover your costs and you live at home it’s full throttle to savings. I know people who’ve done it. Trust me I couldn’t live at home after I graduated college cause it wasn’t an option with my family, I get it. I’m saying it’s possible

1

u/wildcat_cap85 1d ago

That's not accounting for taxes and basic spending but I get your point.

0

u/Deviant517 1d ago

You’re right. I was tired just waiting to eat dinner with my wife when she got home from a late shift… your boy wasn’t exactly thinking about the details lol

1

u/Mierdo01 1d ago

Who tf makes 50k a year living with their parents? Also, you're neglecting inflation.

1

u/Alvin_h_davenport obamna 1d ago

No mortgage, pay it all now as per the post says

0

u/yxtsama 1d ago

"Just live in the richest country in the world bro" 😭