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And be married (europe.pub)
submitted 11 months ago by [M] to c/Memes@europe.pub
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[–] 8 points 11 months ago (4 children)

I managed a house by 30. The trick is to do everything you can to avoid contributing to capitalism. Contribute as little as possible when you have to.

I cycle instead of owning a car, the tablet I am typing on was second hand, I cook every single meal from raw ingredients and I am starting to grow some of the more expensive ones so I don't even have to buy them.

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  • [–] 23 points 11 months ago (2 children)

    My income is very close to the cost of rent here, and is less than the amount that house prices are increasing each year.

    Even if I save every cent of my income and somehow manage to live spending $0, I'm still getting further away from owning a house every year.

    You can't just budget your way to success.

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  • [–] 1 point 11 months ago (1 child)

    I shared a house with others to keep rent low

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  • [–] 3 points 11 months ago (1 child)

    "and is less than the amount that house prices increase each year." and he didn't imply he was only talking about what's left of it after rent.

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  • [–] 2 points 11 months ago*

    Inflation works to reduce the value of the debt over time. If you had a mortgage from 20 years ago you would be paying fuck all now compared to your income.

    I bought a house for ~£230k 2 years ago, if inflation continues as it did over the past 25 years that would be £440k in the next 25 years - quite a big assumption though but it gives you an idea there. However, in 2050 I will still be paying the mortgage of a £230k house because that is how much I borrowed, and my income will have increased by some amount as well.

    Yes wages are not keeping up with inflation, yes all billionaires should be hanged, but its still possible to get food and shelter. Don't give in to hopelessness. Don't give up just because something might be difficult.

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  • [–] 7 points 11 months ago (1 child)

    Unfortunately this straight up just doesn't work in a lot of places

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  • [–] 0 points 11 months ago

    The trick to owning a house by 30 is to build a Time Machine and go back 30 years.

    It’s just not possible now. I could put away %100 of my pay check and I don’t think it would cover mortgage. And downpayment? I don’t think I’ve ever been able to afford to save more than $500 before my finances collapse

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