▲ 339 ▼ We shouldn't have to go to college in order to afford a house by 30. (lemmings.world) submitted 9 months ago by theoneandonlyeggboi@lemmings.world to c/showerthoughts@lemmy.world 134 comments fedilink hide all child comments
[–] unexposedhazard@discuss.tchncs.de 247 points 9 months ago (4 children) Going to college doesnt allow you to buy a house at 30 either lol permalink fedilink source hideshow 8 child comments replies: [–] AdamEatsAss@lemmy.world 53 points 9 months ago (1 child) I majored in buying houses permalink fedilink source parent hideshow 2 child comments replies: [–] Tollana1234567@lemmy.today 1 point 9 months ago thats usually called flipping houses, or you are well off enough to buy and rent out houses or apartments. permalink fedilink source parent [–] SaveTheTuaHawk@lemmy.ca 18 points 9 months ago (2 children) NOT IF YOU DRINK THE STARBUCKS EVERY DAY. permalink fedilink source parent hideshow 4 child comments replies: [–] SoleInvictus@lemmy.blahaj.zone 14 points 9 months ago (2 children) 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. permalink fedilink source parent hideshow 4 child comments replies: [–] 18107@aussie.zone 9 points 9 months ago That's ignoring that the house prices are going up by more than $1,200 per year. If you save everything, you'll still be further away from owning a house every year. permalink fedilink source parent [–] lefaucet@slrpnk.net 0 points 9 months ago 💲 Fine auntses 💲 permalink fedilink source parent [–] fluckx@lemmy.world 6 points 9 months ago I CAN LIVE WITH THAT AS LONG AS YOU I CAN STILL HAVE MY AVOCADO TOAST. permalink fedilink source parent [–] thevoidzero@lemmy.world 10 points 9 months 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 permalink fedilink source parent [–] happydoors@lemmy.world 6 points 9 months ago It did the opposite for me! permalink fedilink source parent
[–] AdamEatsAss@lemmy.world 53 points 9 months ago (1 child) I majored in buying houses permalink fedilink source parent hideshow 2 child comments replies: [–] Tollana1234567@lemmy.today 1 point 9 months ago thats usually called flipping houses, or you are well off enough to buy and rent out houses or apartments. permalink fedilink source parent
[–] Tollana1234567@lemmy.today 1 point 9 months ago thats usually called flipping houses, or you are well off enough to buy and rent out houses or apartments. permalink fedilink source parent
[–] SaveTheTuaHawk@lemmy.ca 18 points 9 months ago (2 children) NOT IF YOU DRINK THE STARBUCKS EVERY DAY. permalink fedilink source parent hideshow 4 child comments replies: [–] SoleInvictus@lemmy.blahaj.zone 14 points 9 months ago (2 children) 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. permalink fedilink source parent hideshow 4 child comments replies: [–] 18107@aussie.zone 9 points 9 months ago That's ignoring that the house prices are going up by more than $1,200 per year. If you save everything, you'll still be further away from owning a house every year. permalink fedilink source parent [–] lefaucet@slrpnk.net 0 points 9 months ago 💲 Fine auntses 💲 permalink fedilink source parent [–] fluckx@lemmy.world 6 points 9 months ago I CAN LIVE WITH THAT AS LONG AS YOU I CAN STILL HAVE MY AVOCADO TOAST. permalink fedilink source parent
[–] SoleInvictus@lemmy.blahaj.zone 14 points 9 months ago (2 children) 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. permalink fedilink source parent hideshow 4 child comments replies: [–] 18107@aussie.zone 9 points 9 months ago That's ignoring that the house prices are going up by more than $1,200 per year. If you save everything, you'll still be further away from owning a house every year. permalink fedilink source parent [–] lefaucet@slrpnk.net 0 points 9 months ago 💲 Fine auntses 💲 permalink fedilink source parent
[–] 18107@aussie.zone 9 points 9 months ago That's ignoring that the house prices are going up by more than $1,200 per year. If you save everything, you'll still be further away from owning a house every year. permalink fedilink source parent
[–] fluckx@lemmy.world 6 points 9 months ago I CAN LIVE WITH THAT AS LONG AS YOU I CAN STILL HAVE MY AVOCADO TOAST. permalink fedilink source parent
[–] thevoidzero@lemmy.world 10 points 9 months 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 permalink fedilink source parent
[–] happydoors@lemmy.world 6 points 9 months ago It did the opposite for me! permalink fedilink source parent