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> The quality of life available on even a modest salary nowadays is far, far better. It highly depends. I'm in my early 40s now, still not owning a property, m
by paganel 5y ago
> The quality of life available on even a modest salary nowadays is far, far better.
It highly depends. I'm in my early 40s now, still not owning a property, me and my SO are finally one step away from getting into (quite considerable, for our standards) debt so that we can take that out of the way. 30-40 years ago property was a lot more easier to get hold of, even for the less financially fortunate. Forgot to mention that we do not have kids, partially because of the stress of not owning a property just yet.
- erosenbe0 5y agoWhy are you so fixated on owning property? Plenty of families don't own property due to moving for better jobs every few years or military. Do you have a marketable skill or licensure, some savings, and the ability to take care of your health? Great. You will be an awesome parent. Get to work
- paganel 5y ago> Why are you so fixated on owning property? P Because the prices will only go up, judging by what happens further West (I live in Eastern Europe). Five, six years ago I used to believe that wouldn't have hold true going forward, reality contradicted me. I do not want to "chase better" jobs into my 50s or, God-forbid, into my 60s, I'm content with what I have on that front. No, we do not have (more than emergency) savings, no, we do not have a strong family-support network, no, I don't believe we're the only ones in our age cohort that are in that situation.
- erosenbe0 5y agoI understand now. Definitely property values haven risen proportionately faster than wages in most of the big cities of the USA. This causes wealth distribution by age to be suboptimal. 40 y/o have too little wealth compared to 70 y/o.
- iso1631 5y agoBecause moving house every few years is awful on kids, changing school, losing friends Kids need stability, and renting does not provide that.