If they saved enough for a house in three years, either they have a highly lucrative job or they’re in a market where homes are cheap or some combination of the two.
3 years is definitely a good amount of time to get a solid down payment. It’s not like a 25-year-old is going to buy a house with cash.
Are you suggesting Anon lied???
Depending on what anon does it’s possible. The flag is Portuguese you could pick up a one bedroom apartment for 3 years wages if you don’t live in Lisbon. Or in Lisbon if you have a good job.
Either they work oil wells in bumfuck South Dakota or they are a SRE with a Silicon Valley company.
Or they don’t live in the US at all. Wild concept, but entertain it for a second
It was a shitpost my dude. Their country flag is literally visible in the OP pic.
I wonder if the Portuguese flag was some sort of clue hmm
They spelled 1973 single wide trailer wrong.
My area, you can get a house for 100k, a better one for 200k. If you’re saving most all income from a 75k job like programming, seems reasonable to be able to afford a house in that timeframe. But that’s with very very little spending and still pretty cheap houses.
Where do you live that houses are 100-200k and programmers make 75k?
Where are “programmers” making less than 75k in the west?
Portugal, Spain, France, Italy, UK (outside of London)…
You work on the internet, my God
Half our team is from Spain and we pay us wages.
Don’t be silly, market abroad
No, you don’t pay us wages. You adjust for local CoL like every company on earth, or you wouldn’t hire in Spain.
Even in a fantasy world where your company is a unique snowflake that pays 150k a year independent of location, those are a dozen jobs for a country of 50 million people.
As a note, my company, a fortune 50 company, does not adjust for cost of living. They adjust to cost of labor.
So if they were to magically hire overseas (not a thing they do), they would pay people from Spain average Spanish wages for the industry.
Are you saying folks can’t hunt work overseas? These ludicrous. Of course taxes are paid
Edit we don’t pay 150, but around 80 for junior
You’re probably talking about contractors and gross pay. That’s probably why people here are misunderstanding your statement.
No
In Germany it’s difficult to get past 75k.
I current have 52k and they refuse to pay more after 4 years of experience.
I highly do not recommend it but if you move to America you’ll make triple.
Robbery
2015
The UK? Sounds about right in GBP.
Huh? Rates are crazy but you don’t need much to get into a reasonable loan. If they had a semi decent job, say, 75k a year, and legit only paid for the things they mentioned, they’d have enough for a down payment on a modest place ez.
Entry level jobs in Portugal are more like 15k a year.
Why would an entry level job in Portugal be ready to buy a house?
Because the screenshot shows someone in Portugal bragging about buying a house and stull living with their parents?
Portugal is like the EU king of living with your parents until mid 20’s though, that has nothing to do with career points.
Entry level is not saving for several years.
- 3 years. That’s entry level.
Some people have nasty parents. Other people are lucky. If you can, it’s pretty great. Multi generation homes are common most places outside the US.
My family in CR owns basically an entire block. From grandma to grand child they all live within a block of each other. There’s one house not owned by family, and it’s owned by a close family friend.
Parents in the US that want to kick their kid out at 18 shouldn’t be allowed to have kids in the first place.
Costa Rica? What’s it like living there?
Depends how much you like your family I guess
With the way it is now I’m renting a multi generational home thats too small for all the people in it. So sometimes you don’t get to save living with your parent(s)
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The price of living there is mental health hit points.
Depends on what your situation is. For me the thing that dealt mental hp damage was that my parents lived in suburb that is far from everything.
But like anon, it did give me a huge leg up on having money.
Omg, this is destroying me rn. 21, living with my parents in quite an isolated neigborhood. I wish my parents moved somewhere where I could still live for free while actually having a social circle whilst I worked on becoming independent.
Not ours. My parents are our support system, even when we have a family of our own
3 years and anon came up with enough to buy his own house in cash. Im thinking anon is a drug dealer or a very good prostitute.
I actually have an engineering friend who did this and he did it in 2 years. Dude had no life, but he put a full down payment on a 750k house in two years. So I guess technical jobs just pay well enough
Thats a down payment, anon bought that shit straight cash. You figure the average down payment is 20% so… 150K+ for your friend, thats no chump change either. Does he stay out late at night, maybe looks frazzled all the time?
There are decent rural homes you can get for 200-300k within range of civilization in more places than you think
There’s also still 100k-200k properties in cities if you don’t mind anything left on your porch being stolen
An FHA loan is only 3 percent, about $25,000
Well and the OP says he paid for the house in cash, vs just the down-payment, which could be as low as $37.5k for a $750k house. That’s a lot of money but across 2 years that’s $1600/mo, basically exactly what you’d expect to save on rent. Could also be significantly higher obviously too, if they went for 20% or something.
Multi-generational homes are as old as the human race. Everybody being expected to leave when you’re 18 is an incredibly new concept in the grand scheme of things.
North American individualism. The path we were promised was get education, get job, get apartment, meet so, merry so, buy house then have kids. The American dream is very 1D. Let alone paying taxes, “If they take one dollar off my wages, I’ll vote that bastard out!!” . We’re a very individually selfish people…
I don’t think it’s unique to the US, it’s very much the paradigm this side of the pond as well.
Yea I called it “North Americans” we Canadians are quite guilty as well:C. Ontario killed subsidized housing… I got a 5k down payment for my first home and they cut subsidized housing by 40% bitter pill…
Coincides with how small living arrangements got so that more houses could be sold. Any relatively new concept should be cross checked with how capitalism has been fucking up what should have been a liveable society.
Capitalism concept to encourage home buyers and landlords renting to new adults.
What do you do if you want to have your SO over?
Fuck them in my own room?
I occasionally like to have sex with people who aren’t in my immediate family, which is a bit awkward when living with my parents.
In Missouri houses are cheap and sisters can be friends with benefits.
So sex with your immediate family isn’t awkward?
You need the hotel, motel, holiday inn
Motel?
I tried, but Dad gets bitchy when he’s left out.
Where do you live to be able to buy a house in cash after 3 years of working? Where I live the average appartment is about 400K euros and the average house is closer to 500K euros.
Maybe you can find something for 250K if you really buy something small that needs lots of work. But you still need over 80K a year excluding taxes, probably closer to 120K before taxes.
His country flag is right there. He is porch of geese.
He is porch of geese.
Why did you get so many downvotes lol
Probably because boneappletea is meant to be unintended phrases not word play
I live in a Philadelphia suburb (in one of the state’s top school districts) and just bought a modest two-bedroom house for $142K. While this represents almost six years of my current income as a school bus driver, I used to make $150K a year as a software developer so the house would have cost me less than one year’s salary. As it is, I was able to buy it outright from my savings. TBF the house is 80+ years old and was in need of some repairs, and the average house price in this district is over $500K, and Philly is not Toronto or Los Angeles - but the house-buying situation is not completely hopeless everywhere as long as you’re not expecting to live in a brand-new mcmansion.
142 k for a house in a philly suburb? How recently may I ask?
Just last summer.
A house not a condo? Was it a major fixer upper? Do you have a inside track with a realtor or someone?
Cause bucks and Mont Co aren’t the best district, but a good one and their prices are 2 to 3 times higher right now. According to a quick and lazy web search the Radnor district is the best in the philly area. Me and the SO have NOT been watching homes in that area, but I know Radnor is a nice area and can’t imagine the housing being a 3rd of the price as bucks/mont Co.
I am taking care not call you a liar, but that price seems very unusual (too low) for any area I can think you are talking about.
I am taking care not call you a liar
I appreciate that. :)
I did say “one of the best school districts” and it’s in the same ballpark as Radnor, at least (but not Radnor). It is a full-on house, a semi-detached with a sizable yard in a weird neighborhood of smallish houses that were built during WWII to house workers at the Navy Yard in Philly (the neighborhood is known as “Garden City” in Wallingford). These houses were never intended to last 80+ years but they’re still better-built than today’s pieces of shit. The house was not a complete gut-and-rebuild project but it wasn’t move-in ready, either (although the seller thought it was despite collapsing ceilings, a 25 yo water heater, and not a single door that closed properly - including the front door). It was a private sale brokered by a coworker of mine who knew the seller, but the price was in line with recent sales of other houses in this little neighborhood. In fact, given what I’ve spent so far on the renovations (and not counting my sweat equity at all, having done all the work myself) I think I overpaid a bit.
I’m careful to avoid being the kind of moron who says “I bought a cheap house so I think the housing market crisis is a complete fiction”, but I do think in general that having the willingness (and the skills) to fix up a less-than-perfect house can mitigate the problem somewhat. Just not in LA or Toronto.
I gotcha. I still think you did very well. I can see that yea, no one factor shaved 150k off the price. Sagging (you called em collapsing) ceilings does want to make me assume you are already a contractor or super handyperson type.
More importantly, this thing you said,
in a weird neighborhood of smallish houses that were built during WWII to house workers at the Navy Yard in Philly (the neighborhood is known as “Garden City” in Wallingford).
Philly has a lotta neighborhoods and none of us know the names of all of em, but “Garden City” is not a Philly hood. If the people of Wallingford think otherwise, good on em.
Navy Yard is south philly. And as said I once I aint south philly. But, Jim’s finally opened back up so let us give praise to one of the few cheesesteak places I’d ever give a tourist directions too…
I agree that the Navy Yard is south Philly and Wallingford ain’t Philly, I’m not claiming otherwise (nor do Wallingfordians ever make such a claim). I do not know why they decided to house people who worked in Philly in a place that is so far from Philly - that’s part of the story I’ve never found written anywhere. I can only surmise that since Wallingford is so close to Chester, the workers were able to ride a commuter train to and fro. Or maybe they ran special buses, I dunno.
Jim’s finally opened back up so let us give praise to one of the few cheesesteak places I’d ever give a tourist directions to
So, I actually used to live on South Street, right next to the Jim’s. When I got a steak from there, I always had to order it with marinara because it was too dry otherwise. How a sandwich with that much grease in it could possibly be dry is not something I can answer. I know this exposes me as non-native, but at least I wan’t ordering it with bell pepper.
Now, Ishkabibble’s is a place I can get behind.
Sometimes you get lucky. Where i am the housing market is batshit insane. Managed to get a classic quarter acre block in a decent area under the average - and the house isn’t a classic postwar piece of shit
If you don’t mind me asking, what made you switch from software development to transportation?
I got laid off from my job with a big silicon valley company and was just too sick of the whole industry to even try getting another coding job. I randomly bought a used school bus to convert into a motor home, and when I got to the point where I needed to get another job to avoid paying $1000 a month for shitty health insurance, it turned out owning and driving a school bus made me eminently qualified to be a school bus driver. I really love doing it - it of course doesn’t pay what programming pays, but I get the middle of my days off to go on long bike rides, and little kids aren’t that awful to be around.
In the US I’ve never spent more than a year’s salary on a home. Certain areas of the country are far more affordable than others.
I interpret this as you either make less than $60k and live in an absolute shit hole or you make more than $120k and have no right to speak about affordable areas of the country.
Oh it’s a shithole. Southeast Ohio has houses so cheap you wouldn’t believe it. But you have to live in southeast Ohio.
You could actually probably get a compound going there…
$60k will get you a liveable house in certain parts of the country. Even in walkable, friendly, safe towns. The problem is that they’re not near jobs that pay more than $8/hr. I was lucky to get a fully remote job before Covid and bought a tiny 800 sqft cottage for a year’s salary. I just checked and see that homes of that size are still just as cheap in that town.
Truth? It all depends on the parents.
My folks when we all lived here together were kinda difficult.
My dad was fine, other than occasionally swinging dick to having remind everyone he was paying the bills (despite refusing to cash any checks given to him, and outright shoving cash back in pockets).
But my mom, who living here post divorce was a fucking nightmare lol. I love my mom, she can be an amazing person. But she is a horrible housemate. Like one of the kind you want to bury in the yard.
It wasn’t ever intended to be long term though. I moved back after deciding I fucking hated living in the city. My and my best friend were roomies there, and it was great, but city life ain’t for me. Commuting was actually better, and I fucking hate traffic.
I’m talking about finding a place back in town, one Sunday at my grandparents were everyone would get together on Sundays. My sister speaks up and suggests I move back in while we’re looking. My dad is okay with it, my mom was grumpy, but shrugged.
So me and my buddy move in. Shit happens, my mom moves out to take care of her aunt (my great aunt that we all loved) so things get chill. My dad likes having me and my buddy around because we handle shit, and he had to travel a lot for work. So we end up just never moving out.
My dad runs into an mlm scam and fell deep. So, instead of letting the house go into foreclosure, we bought it. Before that, my sister bails because. Because why? She’s given ten answers over the years, but I think it was me telling her to either shit or get off the pot when we were all scrambling after my dad confessed how far he had fallen for the scam. The first plan was just for him up suck it up and take help for once in his life, but that meant my sister paying her share too.
Anyway, point is that we bought the place. My buddy got married and moved out with his husband (who lived here a while too lol), we did some paperwork shuffling and I bought out his part.
My dad after the debacle stopped swinging dick about anything. We’re friends now as well as father and son. So it’s fucking great overall. He’s secure in housing because ain’t no way in hell me or my buddy will let him go homeless. We get along better than ever, and he gets to play papaw to my kid.
My mom is great now that we don’t have to live together. We can enjoy each other’s company, or not, according to our mutual needs.
If I have my way, my kid will live here as long as they want. Any grandkids can too. Ngl, I’m set in my ways a bit, so I don’t see it being a forever thing, but I say fuck the idea that you have to leave family just because. Fuck that noise. Do what works for the people involved.
That was a nice read. Thanks for writing it.
You guys don’t pay rent when you lived with your parents? Was that just me??
I don’t have the best relationship with my parents, but it’s not that bad.
Can be more about how your parents are doing financially that how much they like you.
My mom charged me from 18 because of how much she was getting before. My dad passed away in military service so my mom was getting checks from the VA for me and my sister until I turned 18. At 18 she lost that, and thus rent was due
That’s crazy…
I didn’t pay rent especially since my parent own their home, but contributed to groceries.
I tried to, but she wouldn’t accept it.
“Paying rent” was me paying all the bills until I moved out one day and said “duces” after finding a shake and bake lab in the basement.
I was able to live rent free with my parents until I was 25. I just took my paycheck every week and put it towards my loans while in college. By 27 I was debt free with a bachelor’s degree.
Pfft. Try paying almost $500 a month for a shitty room that was always yours until you turned 18, now suddenly it’s a “fee” to live here…
Hahah you got until 18?
For sure, that’s what I did, cept my rent was 750$
My options were paying for my tuition or paying rent. If I was paying tuition. I got to live for free at home. 6 months after I wasn’t paying tuition rent kicked in… I moved out instead of paying to live in my mom’s basement. I’m very very grateful for that arrangement, otherwise my student loans would have been significantly higher.
When I was working, I was paying rent but it was much lower than if I had been on my own. Plus it was a flat rate so I didn’t have to add utilities or even car insurance.
Now that I’m not able to work I give them my food stamps. So I still contribute just not much unfortunately.
But yeah, I am thankful that my parents allow this arrangement.
I paid a little bit (like £100 a month), and pretty much saved the rest.
If I was spunking it all away on shit I didn’t need, I’m sure they’d have charged me a lot more.
I did from 18.
I guess some parents need the money more than others. For sure, you are not the only one.
They should have tried just skipping avocado toast.
Kek
Considering it’s anon they probably did
I had to leave at 18. My drunk ass dad and i were at each other’s throats constantly. Plus dating sucks when you live at home
That’s the kind of story I imagine a Youtuber would have. Live with parents, start making 10k/mo, then buys own home.
Portuguese flag
Pretending like you chose to live at home
lol
Loneliness
Date a girl/guy who also lives with their parents
Fuck them in their childhood bedroom and make eye contact with their parents at breakfast
If the racecar bed’s rockin…
Bahahaha, if I save all my income, for 3 years, I will not be able to buy a house. I may, may!, be able to collect enough for a down payment on a very shity apartment that will cost more over time as it’s already breaking down.
