5 ms·
> How on Earth do people afford a house (I mean, $300,000 is more than 3× my expected salary, and where I am, that barely gets you a townhome)? Most young peop
by burntoutfire 7y ago
> How on Earth do people afford a house (I mean, $300,000 is more than 3× my expected salary, and where I am, that barely gets you a townhome)?
Most young people in the world can't afford a house. They rent apartments or stay with parents until their jobs pay more and they accumulate savings in the meantime - or, alternatively, they shacked themselves with decades of debt and get a mortgage (not everyone is mentally built for that though). Also, many people never decide to buy a house, and just get a (cheaper) flat instead.
- conjectures 7y ago> they shacked themselves with decades of debt and get a mortgage A mortgage is just renting a place from the bank at the market price of when you bought the house + some enforced savings. It's hardly a mill stone compared to renting for the same number of years.
- dev_dull 7y agoAn apartment with roommates can be a real joy if it’s in the right time of your life. Don’t rush the seasons of your life. Why worry about kids when you’re not even in a serious relationship? It’s life, not the cursus honorum.
- redisman 7y agoIf the houses are 300k in their area, I'm guessing getting roommates is entirely optional. For me the first time living alone in a studio apt was bliss.