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Old 05-24-2018, 06:35 PM
 
116 posts, read 51,741 times
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Owning a home is a huge expense and you increasingly need a VERY good job in order to get one. However, with the way employers and business' keep trying to screw over and pay as little as possible it's difficult just getting a decent apartment and paying all the other bills.

Do you think home ownership for young people today and in the future is just a pipe dream for most?
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Old 05-24-2018, 06:50 PM
 
Location: Rochester, WA
3,827 posts, read 2,047,976 times
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Employers trying to screw people over and pay as little as possible?
They've never paid more! Liveable wage starter jobs flipping burgers... with health insurance!

No... I think home ownership is thriving. There are places where it is easier or more achievable... and careers that make it much easier... But I think if people put down the pipe... they can find a place to own a home and live the American Dream still.
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Old 05-24-2018, 07:04 PM
 
Location: The Triad (NC)
26,831 posts, read 57,830,396 times
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Quote:
Originally Posted by Zengha View Post

Do you think home ownership will still be viable for younger people today and in the future?
I think that's mostly about how many other younger people they have to compete with
which is about the same situation they're in regarding the jobs they'll need too.
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Old 05-24-2018, 07:06 PM
 
3,672 posts, read 5,778,802 times
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I feel like this is a troll post. I am 30 and most of my peers own homes with normal jobs. It would be more expensive for me to rent.
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Old 05-24-2018, 08:10 PM
 
651 posts, read 685,432 times
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I don’t believe it’s a pipe dream, but depending on their individual circumstance, such as living in a market where starter homes are scarce or being saddled with a lot of student loan debt, it may take a lot longer for the dream to happen.
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Old 05-24-2018, 08:30 PM
 
98 posts, read 40,246 times
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While student loan debt and stagnating wages (in relation to both inflation and production) have made saving up the traditional/best 20% impossible for a lot of people, there are a lot of programs for first-time buyers that require anywhere from 0-3% down for those with good or excellent credit. Where I live, saving more than that without falling behind on rent *is* a pipe dream, but specialized lenders are helping young people (especially) get into houses. I worry about those who get in over their heads in regards to repairs and upgrades for poorly-maintained homes, but I hope this aspect of the American Dream isn’t going to fall out of reach entirely.
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Old 05-24-2018, 08:37 PM
 
10,265 posts, read 6,491,094 times
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Quote:
Originally Posted by Zengha View Post
Owning a home is a huge expense and you increasingly need a VERY good job in order to get one. However, with the way employers and business' keep trying to screw over and pay as little as possible it's difficult just getting a decent apartment and paying all the other bills.

Do you think home ownership for young people today and in the future is just a pipe dream for most?
As long as you get settled into renting for a while and develop good credit and good money management skills and you don't need a fancy updated home it's still possible in many areas. It seems now with high college debt that it's true that with each generation it is getting harder to afford a home.
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Old 05-25-2018, 04:40 AM
 
126 posts, read 41,208 times
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Quote:
Originally Posted by LifeIsGood01 View Post
As long as you get settled into renting for a while and develop good credit and good money management skills and you don't need a fancy updated home it's still possible in many areas. It seems now with high college debt that it's true that with each generation it is getting harder to afford a home.
So donít accumulate college debt; there are many ways to avoid easy loan money.
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Old 05-25-2018, 06:12 AM
 
10,265 posts, read 6,491,094 times
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Quote:
Originally Posted by Greeniejeans View Post
So donít accumulate college debt; there are many ways to avoid easy loan money.
That's not the only reason.
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Old 05-25-2018, 08:03 AM
 
4,783 posts, read 4,663,039 times
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Not where I live, unless they're pretty wealthy or have a good chunk of change to put down.


I bought a tiny apartment right before the prices surged again. I can't even afford the two bedroom if I wanted to throw a kid into the mix at this point. Forget an actual house!



The more I save to "put down" the further that end point moves. I hope things line up and I can move in the future.
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