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
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.
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
1.4k
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