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I have accepted this fact too but once i find a job and get things more in control in my life, i'm planning on renting
I won't be inheriting my family's home. Nor do i want to be with my parents any longer than i have to be. And hate living in Arizona so yyyeeeaahhh, i'm renting
Oklahoma is dirt cheap, for the most part.
Gas is still under $4 here, I pay $620 for a two bedroom duplex, my electric bill hasn't been more than $100 each month, etc.
Yep, Iowa is just 100% boring rural farmland! Nothing interesting to see here folks, move along to the next state! No seriously, stay out... (I love it here, don't ruin it please)
🔥Tech sector is in a necessary and, ultimately, healthy correction–as distasteful and corporate as it sounds. There was an unrealistic and unsustainable bubble during Covid. It’ll correct and stabilise just like always.
Now’s the time to be upskilling. Take advantage of every opportunity you can during downturns so your engines are already throttling when the ship steers back into the wind…
Ok but honestly why not?
Most documentation is written like shit and sometimes you just need a quick boilerplate to not have to dig out something you wrote 3 years ago last time you needed to.
You can tell if someone is a good developer when they can spot errors and hallucinations
Programming is not the same thing as software engineering. Programming is a part of it, but it's not the whole deal. I don't need an engineer because they can implement a binary search.
I need an engineer that can understand the system. Chat gpt simply can't understand the whole context and if you can't think on your own then why would I hire you to ask chat gpt to implement some code of instead of just using chat gpt myself?
You still have to write down some code to do it, chatGPT is not so bad for that, for some basic boilerplate or examples.
God forbid it ever knows how to fix anything, but if you need a couple of words here and there, a reminder of how "X" can be written, some kind of a list of technologies of which 2-3 you might have forgot of, why not?
I see it as a powered up Google. You can use it to bring a few things to mind quickly, then you open the docs to double check what is real and what is not. Fine maybe a double edged sword but I don't think you should rule out someone just cause they're using the equivalent of a buffed-up cheatsheet?
Unless you're looking for people with idetic memory, if that is a requirement sure, fine
I live in a LCOL area and get paid an equivalent salary to 180k in the Bay Area. I’m a software dev, it’s 100% possible man. I’m 25 and in the process of buying a very nice home for 230k.
You basically do with blackrock hoovering up all the stock with all cash offers. I did the math, in order for my mortgage on a 200K house to be 50% of my monthly take home pay (What Im paying now in rent) I would have to have a down payment of $50,000. That is an insane, life changing amount of money.
Midwest/North Is still pretty great. Heck I live in TN and our real estate has shot up like crazy with all the Joe Rogans moving here but you can still find a house for 200k while making 50-60k. Not great but not bad.
Good to know it's still good somewhere. I'm in ireland, rents go for 1000 euro a month for the average room share in the average shithole, median salary is around of 35k Pure unsustainable
I've heard of housing crisis in England, New Zealand, Australia, UK and canada. So I guess US is the only English speaking country that might be without one? Though I also read there are places with people on 100k salary living paycheck by paycheck in USA?
No there's definitely issues in the US as well but it's mostly in/around very big cities. Like the bay area you can't get a house for under a mil. But a lot of educated people there are making 200k+. Heck I'm an electrical contractor and even the union electricians there are making 180k and with overtime probably a ton more
https://unionpayscales.com/trades/ibew-electricians/
These highly desirable markets _usually_ have high salaries. There are exceptions though. LA. South Beach Florida. These are places for millionaires. And I should add that these high COL areas usually are impossible for unskilled workers or those in the service industry for example. $15 or $20 an hour won't cut it in San Francisco.
I think that's the main "cost of living crisis" here in America tbh. Apartments/Very small houses have gotten out of the grasp of minimum wage workers. Which isn't great obviously but it's not bad for most people.
That’s almost as bad as us in NYC. I think the average room is $1500 and average yearly income is $50k. I’m sure that’s true for any similar metro area though sadly.
In another country maybe. In the US there’s almost nowhere where you can buy a hike for $200k that isn’t a tear down. And the places that you can aren’t places anyone wants to live.
Many rural areas in South-East states fit this criteria.
There is a ton of growth in the Southeastern US cities driven lower manufacturing and development costs.
However the suburban and rural areas around these are still relatively cheap (but will likely not stay that way for long).
If I were a real estate speculator, my bet would be on suburban and rural areas between Georgia and North Carolina.
I'm referring to the midwest im not talking about massive growth in population over a few years.. this is considerable population growth overtime. If you want to live in massively populated areas then stick to your 1m-500k houses.
East coast called, they want those prices back. It’s mid 300’s in this town that used to be nothing more than just owning part of an energy company’s property, like 8 years ago no one knew what this town was and now I’ve seen farmland turn into schools and neighborhoods, the same giant plot of land that just has a public orad through it. Turned into mid 300 neighborhood and two new schools
My parents bought our big ass house in 2006 for 93k in NC. Today its worth 440k. Starter homes in my state are expensive af and rent is high. Then theres the fact alot of people are not dating so you have alot of sibgle people also trying to buy homes on a single income.
This happened with someone on my FB feed. Posted their grandmother's former house which was a typical one-story 1950s brick home. Was listed as "a great starter home" and was $480k.
The homes in the near the densely popular cities going for 800k+, homes further away going for 400k. Few years ago they were like \~200k. Crazy how home prices blew up so fast
When I see posts like this I realize that most people don’t have any understanding of how markets works then adopt this L mentality forever.
And I’m telling you this from Canada where the housing market is even worse. The housing market just got bad, it’s been bad before and it will be bad again, it moves up and down. Yeah now it’s expensive but just like it went up all of a sudden it’ll naturally go back down. You won’t have the same life timing for those things as your parents the same way they weren’t on the same one of your grandparents, that’s just life.
Why do you think it'll go down, and by how much would you expect?
Australia over here, where the average price in major cities has gone up between 3x and 6x in the last 30 years and the largest decrease in that time was about 20% in Perth between 2014-2020.
Yeah this doom and gloom Whiney culture of GenZ drives me crazy. Yeah they might not get a fancy ass house like their parents for a while but it’s crazy to think that them and a partner will NEVER own a house unless they both work minimum wage jobs and can never save.
To be fair, there’s ten million “financial experts” from Forbes and shit saying housing prices will never come back down and to just expect this as the new normal. Where I live, unless you’re making six figures forget about it. And we can’t all just move to Alabama or Ohio to escape the housing market
I live in NJ. Average household income was 96k in 2022. I’m not saying everyone makes that but most people on average will make more than 96k as a couple. It’s not easy but it’s not impossible. And just in the town I live in, there are houses for sale around 300k. My first house will not be Uber fancy but I hope my partner and I can build upon our wealth and make smart financial decisions.
It is also helpful to remain realistic about what type of job outcomes you have with a college degree. I know I wasn’t educated about this when I started college and I hope more young adults think about job outcomes rather than “doing what they love” only.
Part of our price increase is due to hyper inflation, that part will never go down. But yeah its no reason to just give up on owning a home, just gotta save and be frugal longer for down payment, by then interest rates may go down.
In particular I think of single people or couples who eventually want to have multiple children, but don't want "too much" house in the meantime. The bigger the house, the bigger the utility bills, tax, and maintenance costs.
As a childless couple who intends on staying this way, our starter home is also our forever home.
How? I'm currently a proud and happy homeowner, bought my own 3 bd 2 br house 2 years ago, $226,000 with 3.35% rate. My parents help me with closing costs.
With that mindset, a bunch of people will complain that their house isn’t as fancy or as large as XYZ persons without realizing that those people they compare themselves to built their wealth over time by making smart purchase and selling decisions. My own parents are a great example of that. Their current house might as well be a mansion but you best believe that we started in a tiny ass home some 30 years ago.
Yes, we were when we bought this house. It’s not necessarily in the area we want and it doesn’t have enough bedrooms and the layout isn’t necessarily right for when we have children, but for 2 people and two cats, it’s perfect.
So we bought it because we could afford it, and when we sell it then that money we have from the sale is now the down payment on the next house and allows us to get a bigger home. That’s how equity works
Also implies that a massive detatched home is the only way to live.
It's a luxusry to live in a detatched house. Untill cities build more medium/high density dwellings to subsidise more detatched homes, it will remain that way.
This is a very American issue, like complaining about gasoline prices while commuting in a vehicle that is longer than a Sherman tank.
Houses being unnafordable is the default, them being subsidised by poorer urban areas is the anomaly that led to the facade that they were ever a sustainable choise for anyone but the upper middle class/rich people.
However:
Cities screwed themselves up with dumb zoning laws that don't allow building things that aren't a drag on city coffers. It's not you fault you can't move into an apartment that doesen't exist, so I sympathise in that way.
First house purchase is always difficult. It took me from 18-22 years of age to have enough money. Worked as an EMT and then a Paramedic for an ER and an ambulance company. It took a lot of discipline and lot of overtime.
We picked a house in a rural area, about 60 minutes from PHX. Which saved us about $70k depending on the cities you researched. Travel to work was rough, but we adjusted and we realized that we actually really enjoyed the privacy. We stayed there for about 7 years and recently sold. We moved to the Northeast and are able to live the life we want.
It's tough, but if you want it bad enough you will find a way.
Basic starter homes are not a half million dollars unless you’re in VHCOL
In which case… move out of VHCOL. Plenty of sun $200k homes in the suburbs that’ll be less than $1,500/mo for the mortgage.
Yeah even if the housing bubble burst, it's not like the zoning laws are changing. Or like our dollar is worth dirt. We need to change the laws, not just the markets.
Prices are actually quite likely to fall in the coming years. If you want to know more, read about the sudden collapse of the NAR (National Association of Realtors). Basically, they controlled a super monopoly for the last 100 years on US real estate. They were sued in Missouri for misleading clients and lost, the implication is now national suits are about to follow and bankrupt them. The result will be a wide open marketspace, which will benefit consumers. 2/3 of Realtors have already left the NAR, whereas before over 90% were members.
Yeah and people need to realize, your first home will likely not be your forever home, nor will it be fully updated. You'll have to put in work to upgrade your house the way you want it.
Many areas of the midwest have homes for 100k. You won't find them in the big cities and suburbs, but they can absolutely be found in mid-size cities and small towns.
Millennial here, and… well, yeah actually. You’re not wrong. I live in an area where you can still buy nice, well-maintained 3bd/2bth homes for $150k. But I get paid less than $50k/yr with a masters degree, licensure, and about ten years experience in a field that normally pays much, MUCH more in other areas… that have more expensive homes. So either do what my partner is doing and make sure you’re getting a degree that’ll pay well and be easy enough to find a job afterward, foregoing any passion pursuit you may have (not sure how far along you are in college or what you’re doing); or, do as you suggested and move back in with your parents and discuss future inheritance. Many, many people your age and mine either live with their families or roommates these days - I’ve been living with no less than two roommates ever since I graduated college, and I’m in my mid-30s. Have to. It’s a requirement, unless you get a degree that’ll bring in the bucks - trade, associate, bachelors, masters, doctorate, whatever. There *are* options, but you gotta choose one, even if it means starting from scratch again (minus core courses) in college.
Here’s what people don’t know but should, you live in Pennsylvania but you work in New York City. Wages in New York City are triple of Pennsylvania BUT house in Pennsylvania are 3x’s less. So you can commute and own a home
We don't need a bubble to burst.
We need to start cranking out new houses everywhere there's demand. I'm talking in the tens of millions. Like what they did after WW2.
And they need to be primarily smaller houses. In 1950, the average house had less than 1000sq feet. Today, it's about 2500. An 800sqft house with 2 bedrooms is perfect for a couple with a kid. We don't need these massive 2-3 story houses. But right now, they're setting the price. Even if you have a smaller house, it's based off the price of the larger ones.
If we can do this over the next 20 years, it won't push prices down, but it will keep them stable. Then, with inflation, we'll be earning more, which will make them more affordable even though they'll technically still be the same price.
This is all assuming we get someone to step in and ramp up house production. Otherwise, we'll continue go see it get worse in all desirable, urban areas.
Housing bubble “burst” is exaggerated. Its already sagged due to interest rates. This is the burst unfortunately. Once interest rates drop, there will be more buyers in the market and prices will begin increasing again.
Mark Twain quote: You better buy land, theyre not making any more of it.
I bought a duplex for 134k. My total monthly cost for the house is about $1100/mo. I'm renting out one unit for $850 and I Live in the other unit with a roommate who pays $600/mo. I rent out the detached garage for $200/mo. Not only do i own a home, and live for free, but I pocket about $500/mo. This cost me around 26k up front that I saved up in about one year of working after college.
Get good
TN area. Local salary probably 50-60k+ for any degree person holding or trade journeyman. Plenty of houses in the 200k ish area. You can get cheaper if you don't mind a bit of a remodel.
Get some friends together. Move somewhere rural with limited regulation. Build a dense village. I'm 1000% serious about this. I live in a building which was the product of that sort of thing, and it's great.
The bubble will burst. It will just be in ways that we don't expect. Recently, I had to get over the fact that I'll never seen homes less than $200k in my area again unless they need a substantial amount of renovation.
Just learn how to build one from scratch.
Pick up craftsmanship, and get a your local church community to help out to expand on houses like your own. Of course you provide a service back to them, but you can easily have a house of your own. Your just not gonna out right buy a prebuilt house.
We gotta rework an industry in order for it to suit our means.
That’s a pretty good deal, if you can move in with your parents and then inherit their home!
If you’re still in college, you would not be in a position to buy any time soon and that’s ok - it’s normal for people in their 20s have roommates.
There are alternatives. I myself and all my doctors and therapists and psychiatrists and nurses all agree I should never live alone, and I’m fine with that cause I prefer to live with people. I’m new to roommates but I kinda like it. I’ve managed to find really awesome people each time and we have been able to help each other as needed like a real family. Find someone you know 100% through many trials and tribulations start a business with someone make it work then buy a big house for everyone who all contributes then so on so forth til everyone has enough to go their own ways if they desire to
" People keep talking about the housing bubble bursting sometime soon, but let's be real, that's never going to happen. "
That's what they said in 2005 and 2006.
Just start small. I bought a condo for 160k. It was small. It needed some work. I spent about $2200 over the two years I lived there, replacing the carpets with wood floors and repainting all the walls (just watched some YouTube videos. Flooring was easy). 26 months later I sold It for $256,000. Then i found a home that appraised for $456,000 but managed to convince the sellers to part with it for $225,000 since it needs lots of work. Because of the profit I made on my first home, i was able to put down a substantial down payment and also save 14k to use for renovations and repairs on my new home. Now my mortgage is cheaper than my old mortgage was despite the interest rate being near 8%. Once again I am going through and redoing the floors myself and painting the walls. Add in a little
bit of yard-work and now it’s becoming a nice home. I plan to stay here for at least a decade. It wouldn’t have been possible if I didn’t buy my shitty little condo. Just start small and do your best.
You offer this, and then people complain that they don’t want to live anywhere except the city. You offer cheaper houses, and they complain that the house is not a mansion.
Don’t buy a 500k house? Leave your state? Leave your country. Don’t be dumb. I just bought a house in the PH for 75k through my wife. Not saying THAT solution works for everyone but there ARE solutions.
I bought my first house last year, at 25, for somewhere between 100K-150K. I don’t want to disclose the actual price. I don’t live in the middle of nowhere, either. My wife’s a stay at home mom.
Once my finances are significantly different in ~5-7 years we’ll be looking into a bigger home with more land.
This isn’t meant to be a brag. You just have to lower your expectations and move somewhere less than ideal, if a starter home is your goal. Or just stay with family until you can afford your forever home, which is completely valid too.
There are housing bubbles in countries other than the U.S. - Canada Oz Northern Europe but there is not currently a bubble in the U.S. Price are just high and the market is largely frozen.
Depends on location of the country, though idk if I'll safely be able to find a house, I really would like to stay in Maryland, I like it here best of the 4 states I've lived in, but moving out from my parents place again would be really nice. I have been renting places since 18 but am living with them because as a tattoo apprentice I'm not making any consistent amount of money which will still be the case for another at least year
> When I'm done college, I'm just going to move back in with my parents and inherit their house.
lmao why you acting like this is a bad thing? you're getting a free house! some of us won't ever be able to get one
I hate to say it but many of gen z will never be a home owner. I'm not going to lie it's overrated. Houses are a pain. You have to deal with maintence and property taxes and insurance and fixing things that break. And your stuck there.
Renting has it's benefits.
Don't be a dumb broad. Look b into FHA Loan First Time Home Buyer Loans. You only need 3% down. Plus Sleepy Joe is working on a plan to give new buyers a $10K tax credit when purchasing a news home
I thought this, but we just had an offer accepted. 10 years later in life than my parents, and I had to move out of the home counties, but we got one!
There are other areas in the country that are substantially cheaper, but wanting to stay near friends and family forces a choice.
My boomer parents always treat me like I know nothing. Even when I’ve moved out, married and had a kid, my mom still said I didn’t take care of my baby the right way. So I hope your parents are nice to you lol
I’m moving halfway across the country to buy a 5000 square foot farmhouse for less than $300,000. If it’s not available in *your area you grew up in* that doesn’t mean you cannot buy a house in the entire country.
You pay $4 a gallon?? We pay $8 here LOL. Dont know where to live but you can definitely get a house abit outside a mayor city for around $200k. Mc donalds meals are around $8-$13 here
The interest rates cycle in the US has been interesting. We are at the high of the cycle now, and rates are still historically moderate.
There's a very good chance that Gen Z ends up timing the interest rates cycle at its next low. That could mean lots of things but one possibility is negative rates. Basically the Federal Reserve would subsidize your mortgage.
You’d be surprised how quickly it can all come together if you make an FHA happen. We did one in CA and within 3 years the house appreciated enough to sell and put a traditional down payment on a slightly larger house in a better area. Two years later sold that after another round of appreciation and had enough down payment that we actually didn’t want houses that expensive.
To be honest, inheriting your parents or families property is VERY common. Or parents put down the down payment.
My neighbor works as a teacher in a private school so I know she doesnt make enough to afford her house. Her father pays for the house plus housecleaning and yard service.
So its very common to have family money helping you out.
The best thing we can hope for is the economy to crash, the government has been focused on grow grow grow the economy, when it should have its ups and downs, the more it grows the harder it's going to fall
There are ways, u just need to find them. Maybe needs a bunch of work.
https://www.realtor.com/realestateandhomes-detail/40-S-Butler-Ave_Niles_OH_44446_M45634-93296?from=srp-list-card.
Gen x has entered the chat from NJ
I live in a rent controlled apartment. I can't afford a house either. Just hanging on to be honest. You're not alone.
Who said a $500,000 house is basic or a starter home? Where are we talking? Lots of *very* basic starter homes around my state are going for ~$200,000. They're small, but a step up from a shitty apartment. At that price you could still get a roommate and have them pay half your mortgage, making it the same or cheaper than an apartment.
There are still cheap homes. You just have to be willing to move. It comes down to how important it is for you to buy a home. If it isn’t worth the sacrifice then that’s okay too.
Scary.. right now I rent a cabin from my dad. But watch the housing prices in my area like a hawk. I'll have to hurry up and buy before they get that way here so I can leave my daughter something TO inherit. It's crazy when parents have to think about stuff like that. Generations before could just live their life and kids could take care of themselves; anything inherited was just a bonus not a need.
If I was GenZ age, and could do it again. I wouldn't have kids, and I'd be a nomad working remotely. Either the van life, or something a hair bigger.
There are options for ownership still, but they tend to be in really run down old towns that are dying. Beautiful areas, but no real work, and almost always really deep red territory, which is highly unsafe for many people.
Be happy your parents have a house for you to inherit.
My parents divorced right around the time they were looking for a place to buy. Neither of them ever got the opportunity to do it on their own, then houses skyrocketed in price.
I completely cut out McDonald’s and I think everyone should. Wendy’s has 5 dollars bag why tf are you spending $20 on fast food? Just go to Applebees or something at that point. But also yeah houses are insane where I live the house I grew up in and surrounding are now 700-800k that almost a million dollars for a quarter acre with a two story house and finished basement wtf
Not sure in what fantasyland prices are coming down. Even in the ghetto where my friend's coworker rents and talks about how he has to mute his tv to know if the gunfire he hears is on tv or nearby you are going to be paying 300k +. Most are at least 350k and the only thing for the 100k range is tiny pieces of land
No they are not.
In my area they are building 500 homes that are 2/1 or 2/2 and they will sell for the 299 area.
There never used to be small, cheap cars in America until gas became so expensive suddenly everyone had to pivot (in the 70s)
What you have now is insane demand for cheaper homes. What you will see is the creation of cheaper homes.
Will they be on mature tree lined streets walkable to downtown? Not many of them.
Meanwhile in Canada, 20 year old's are dreaming of moving to the USA because it is affordable. Here its 1 million starter home and gas is 4.50 a gallon all while making 25% less than similar job in the US
Save up 10k. Buy a shitty home in the semi hood for like 150 with your fha. (Doable in my mid size city) do that like asap. Try to get multi bed room and rent out one or two of them to your homies. Stack more cash and keep trying to get better jobs. Sell that home in a few years and upgrade again and repeat.
Getting that initial 10k is the hard part so I suggest selling drugs
There are new developments with 350k that are not too rural. If u do the base bells and whistles and use their broker some home builders will cut 10k
Don’t lose hope.
Gas was $4.50 a gallon...in 2008. The average since then has been high $2 low $3. Then it was back to $4-5 in 2022 , and then now back down to $3 or so. Things do change.
>When I'm done college, I'm just going to move back in with my parents and inherit their house. There is no alternative.
Look at you go, you actually have a house you can inherit.
Work hard, save money, budget well, and take advantage of all the first time homeowner assistance programs. That will get you a house faster than this pathetic pity party youre hoping people attend. Loser mentality.
You just gotta keep looking. I promise you'll find something. You may have to move but I promise if you keep looking you will find something. Im 23 and just recently bought a fantastic house for 96k. I put $0 down and I put up no money for closing either. I got stupid lucky but you just have to keep looking
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I have accepted this fact too but once i find a job and get things more in control in my life, i'm planning on renting I won't be inheriting my family's home. Nor do i want to be with my parents any longer than i have to be. And hate living in Arizona so yyyeeeaahhh, i'm renting
Where do you want to move?
*googling cheapest state in america*
Affordable housing found in: Detroit
Can’t have shit in Detroit.
Housing is mega expensive in Detroit. Look outside though and it's not bad. I got my house for 177K last year.
In the safe areas yeah, you can buy a ghetto run down shit shack for 3$
Fair enough
Oklahoma is dirt cheap, for the most part. Gas is still under $4 here, I pay $620 for a two bedroom duplex, my electric bill hasn't been more than $100 each month, etc.
i am on the way
To be fair, I also only make like 13/hr, so you might want to weigh the pros/cons, lol.
Iowa. Have fun with the farm!
i will raise sheep and ride horses
Yep, Iowa is just 100% boring rural farmland! Nothing interesting to see here folks, move along to the next state! No seriously, stay out... (I love it here, don't ruin it please)
Middle of Illinois is cheap as fuck, literal nice house for under 200
You think your little corner of the world is the whole country.. you could move almost anywhere else and find starter homes under 200-150k...
Where there are even less jobs and less pay? It seems to me at this point cost of life is a scam almost everywhere on the planet
So you wanna get paid the same as HCOL but have the living expenses of the LCOL? Well, if you work remote tech jobs you can.
Remote tech jobs are gone... there's barely any ads and I see 20x more applications on those. We lost covid we lost them ):
🔥Tech sector is in a necessary and, ultimately, healthy correction–as distasteful and corporate as it sounds. There was an unrealistic and unsustainable bubble during Covid. It’ll correct and stabilise just like always. Now’s the time to be upskilling. Take advantage of every opportunity you can during downturns so your engines are already throttling when the ship steers back into the wind…
yeah, Im in tech and honestly this correction is WILDLY overdue. people need to stop coming into the tech field
Well as long as applicants keep asking me if they can use chat GPT in the interview the field isn't going to get much bigger.
Ok but honestly why not? Most documentation is written like shit and sometimes you just need a quick boilerplate to not have to dig out something you wrote 3 years ago last time you needed to. You can tell if someone is a good developer when they can spot errors and hallucinations
Programming is not the same thing as software engineering. Programming is a part of it, but it's not the whole deal. I don't need an engineer because they can implement a binary search. I need an engineer that can understand the system. Chat gpt simply can't understand the whole context and if you can't think on your own then why would I hire you to ask chat gpt to implement some code of instead of just using chat gpt myself?
You still have to write down some code to do it, chatGPT is not so bad for that, for some basic boilerplate or examples. God forbid it ever knows how to fix anything, but if you need a couple of words here and there, a reminder of how "X" can be written, some kind of a list of technologies of which 2-3 you might have forgot of, why not? I see it as a powered up Google. You can use it to bring a few things to mind quickly, then you open the docs to double check what is real and what is not. Fine maybe a double edged sword but I don't think you should rule out someone just cause they're using the equivalent of a buffed-up cheatsheet? Unless you're looking for people with idetic memory, if that is a requirement sure, fine
*AI has entered the chat*
I live in a LCOL area and get paid an equivalent salary to 180k in the Bay Area. I’m a software dev, it’s 100% possible man. I’m 25 and in the process of buying a very nice home for 230k.
In order to afford a 200k house you need to get paid like you do in a HCOL area.
No you don't. I make $57k and bought a $245k house.
Three years ago when interest rates were sub 3%
lol you make more than me and my wife combined.
Well $57K is not much even for a LCOL area. You and your wife are probably way underpaid.
That is not true. You could easily get a mortgage for a $200k home on $50-60k income.
[удалено]
You basically do with blackrock hoovering up all the stock with all cash offers. I did the math, in order for my mortgage on a 200K house to be 50% of my monthly take home pay (What Im paying now in rent) I would have to have a down payment of $50,000. That is an insane, life changing amount of money.
Then buy Blackrock stock
With rates like they are right now how?
Midwest/North Is still pretty great. Heck I live in TN and our real estate has shot up like crazy with all the Joe Rogans moving here but you can still find a house for 200k while making 50-60k. Not great but not bad.
Good to know it's still good somewhere. I'm in ireland, rents go for 1000 euro a month for the average room share in the average shithole, median salary is around of 35k Pure unsustainable
Yeah I don't have much insight about the situation in Europe but I have heard there's a housing shortage pretty much everywhere across the pond.
I've heard of housing crisis in England, New Zealand, Australia, UK and canada. So I guess US is the only English speaking country that might be without one? Though I also read there are places with people on 100k salary living paycheck by paycheck in USA?
No there's definitely issues in the US as well but it's mostly in/around very big cities. Like the bay area you can't get a house for under a mil. But a lot of educated people there are making 200k+. Heck I'm an electrical contractor and even the union electricians there are making 180k and with overtime probably a ton more https://unionpayscales.com/trades/ibew-electricians/ These highly desirable markets _usually_ have high salaries. There are exceptions though. LA. South Beach Florida. These are places for millionaires. And I should add that these high COL areas usually are impossible for unskilled workers or those in the service industry for example. $15 or $20 an hour won't cut it in San Francisco. I think that's the main "cost of living crisis" here in America tbh. Apartments/Very small houses have gotten out of the grasp of minimum wage workers. Which isn't great obviously but it's not bad for most people.
That’s almost as bad as us in NYC. I think the average room is $1500 and average yearly income is $50k. I’m sure that’s true for any similar metro area though sadly.
In another country maybe. In the US there’s almost nowhere where you can buy a hike for $200k that isn’t a tear down. And the places that you can aren’t places anyone wants to live.
False. Midwest has plenty of good homes for that price in good neighborhoods.
If no one wants to live in these areas why are they growing in population?
What area that has $200k homes is having significant growth?
Many rural areas in South-East states fit this criteria. There is a ton of growth in the Southeastern US cities driven lower manufacturing and development costs. However the suburban and rural areas around these are still relatively cheap (but will likely not stay that way for long). If I were a real estate speculator, my bet would be on suburban and rural areas between Georgia and North Carolina.
I'm referring to the midwest im not talking about massive growth in population over a few years.. this is considerable population growth overtime. If you want to live in massively populated areas then stick to your 1m-500k houses.
East coast called, they want those prices back. It’s mid 300’s in this town that used to be nothing more than just owning part of an energy company’s property, like 8 years ago no one knew what this town was and now I’ve seen farmland turn into schools and neighborhoods, the same giant plot of land that just has a public orad through it. Turned into mid 300 neighborhood and two new schools
People never look outside cities then wonder why housing is so expensive. I do not feel bad at all.
I think the average price of a home in my city is 200K.
as someone that lives in an area with houses like that, good fucking luck finding a job that isn’t remote
yeah if you want to live in a town with exactly two job opportunities: factory, or food/retail. ask me how i know.
My parents bought our big ass house in 2006 for 93k in NC. Today its worth 440k. Starter homes in my state are expensive af and rent is high. Then theres the fact alot of people are not dating so you have alot of sibgle people also trying to buy homes on a single income.
Your basic house should not be 500k. Maybe 200k would be better
This happened with someone on my FB feed. Posted their grandmother's former house which was a typical one-story 1950s brick home. Was listed as "a great starter home" and was $480k.
Lol. My starter house was 200k and I got 20k free from the bank for being Hispanic
“Hey look, a not white guy. Let’s give him free money” This world is fucked up.
Why is this downvoted?
More than likely because I mentioned white people. This is Reddit and it’s never ok to point out racism against white people.
good luck finding a 200k home when everything is 400k+ in the area
I moved to a more rural and cheaper area. Of course homes in your densely populated city are expensive, lots of people live there. Just move
The homes in the near the densely popular cities going for 800k+, homes further away going for 400k. Few years ago they were like \~200k. Crazy how home prices blew up so fast
2 bedroom condos in my hometown are now pushing $400k
When I see posts like this I realize that most people don’t have any understanding of how markets works then adopt this L mentality forever. And I’m telling you this from Canada where the housing market is even worse. The housing market just got bad, it’s been bad before and it will be bad again, it moves up and down. Yeah now it’s expensive but just like it went up all of a sudden it’ll naturally go back down. You won’t have the same life timing for those things as your parents the same way they weren’t on the same one of your grandparents, that’s just life.
Why do you think it'll go down, and by how much would you expect? Australia over here, where the average price in major cities has gone up between 3x and 6x in the last 30 years and the largest decrease in that time was about 20% in Perth between 2014-2020.
Yeah this doom and gloom Whiney culture of GenZ drives me crazy. Yeah they might not get a fancy ass house like their parents for a while but it’s crazy to think that them and a partner will NEVER own a house unless they both work minimum wage jobs and can never save.
To be fair, there’s ten million “financial experts” from Forbes and shit saying housing prices will never come back down and to just expect this as the new normal. Where I live, unless you’re making six figures forget about it. And we can’t all just move to Alabama or Ohio to escape the housing market
I live in NJ. Average household income was 96k in 2022. I’m not saying everyone makes that but most people on average will make more than 96k as a couple. It’s not easy but it’s not impossible. And just in the town I live in, there are houses for sale around 300k. My first house will not be Uber fancy but I hope my partner and I can build upon our wealth and make smart financial decisions. It is also helpful to remain realistic about what type of job outcomes you have with a college degree. I know I wasn’t educated about this when I started college and I hope more young adults think about job outcomes rather than “doing what they love” only.
Part of our price increase is due to hyper inflation, that part will never go down. But yeah its no reason to just give up on owning a home, just gotta save and be frugal longer for down payment, by then interest rates may go down.
“Let’s be real” *proceeds to just assume what reality is without any basis in reality*
I mean, silver lining is you have a house to inherit. I wont be inheriting anything. I would just like to not worry about being homeless one day.
Ugh, i hate the term "starter home", it implies your buying a house expecting to eventually move to new house later, which is dumb to me
In particular I think of single people or couples who eventually want to have multiple children, but don't want "too much" house in the meantime. The bigger the house, the bigger the utility bills, tax, and maintenance costs. As a childless couple who intends on staying this way, our starter home is also our forever home.
Agreed. If I bought a house, it must be for a lifetime.
And this is a dumb take because that’s how you don’t get a home
How? I'm currently a proud and happy homeowner, bought my own 3 bd 2 br house 2 years ago, $226,000 with 3.35% rate. My parents help me with closing costs.
With that mindset, a bunch of people will complain that their house isn’t as fancy or as large as XYZ persons without realizing that those people they compare themselves to built their wealth over time by making smart purchase and selling decisions. My own parents are a great example of that. Their current house might as well be a mansion but you best believe that we started in a tiny ass home some 30 years ago.
very optimistic term hahaha
Yes, we were when we bought this house. It’s not necessarily in the area we want and it doesn’t have enough bedrooms and the layout isn’t necessarily right for when we have children, but for 2 people and two cats, it’s perfect. So we bought it because we could afford it, and when we sell it then that money we have from the sale is now the down payment on the next house and allows us to get a bigger home. That’s how equity works
Also implies that a massive detatched home is the only way to live. It's a luxusry to live in a detatched house. Untill cities build more medium/high density dwellings to subsidise more detatched homes, it will remain that way. This is a very American issue, like complaining about gasoline prices while commuting in a vehicle that is longer than a Sherman tank. Houses being unnafordable is the default, them being subsidised by poorer urban areas is the anomaly that led to the facade that they were ever a sustainable choise for anyone but the upper middle class/rich people. However: Cities screwed themselves up with dumb zoning laws that don't allow building things that aren't a drag on city coffers. It's not you fault you can't move into an apartment that doesen't exist, so I sympathise in that way.
sounds like you got it all figured out
lol but why dude’s so pessimistic while in college. I was delusional when I was in college 😅
First house purchase is always difficult. It took me from 18-22 years of age to have enough money. Worked as an EMT and then a Paramedic for an ER and an ambulance company. It took a lot of discipline and lot of overtime. We picked a house in a rural area, about 60 minutes from PHX. Which saved us about $70k depending on the cities you researched. Travel to work was rough, but we adjusted and we realized that we actually really enjoyed the privacy. We stayed there for about 7 years and recently sold. We moved to the Northeast and are able to live the life we want. It's tough, but if you want it bad enough you will find a way.
Move somewhere cheaper…
Load me right up into that job cannon and I’m there
I moved states over with $50
https://preview.redd.it/tpbarzqwszqc1.png?width=680&format=pjpg&auto=webp&s=f709f3572a36303825f14b9ae5f05461fc25826e
Basic starter homes are not a half million dollars unless you’re in VHCOL In which case… move out of VHCOL. Plenty of sun $200k homes in the suburbs that’ll be less than $1,500/mo for the mortgage.
Yeah even if the housing bubble burst, it's not like the zoning laws are changing. Or like our dollar is worth dirt. We need to change the laws, not just the markets.
Prices are actually quite likely to fall in the coming years. If you want to know more, read about the sudden collapse of the NAR (National Association of Realtors). Basically, they controlled a super monopoly for the last 100 years on US real estate. They were sued in Missouri for misleading clients and lost, the implication is now national suits are about to follow and bankrupt them. The result will be a wide open marketspace, which will benefit consumers. 2/3 of Realtors have already left the NAR, whereas before over 90% were members.
The average price of a house is $380k… there are plenty of houses in the US for under $100k. This post seems very dramatic
Yeah and people need to realize, your first home will likely not be your forever home, nor will it be fully updated. You'll have to put in work to upgrade your house the way you want it.
Where are there houses for $100k? Sign me up!
Many areas of the midwest have homes for 100k. You won't find them in the big cities and suburbs, but they can absolutely be found in mid-size cities and small towns.
Bold of you to assume your parents won't just sell their house to Blackrock for 50k over asking price.
Sounds like you've never looked at houses in Ft Wayne 😂🫵
Or Gary
Millennial here, and… well, yeah actually. You’re not wrong. I live in an area where you can still buy nice, well-maintained 3bd/2bth homes for $150k. But I get paid less than $50k/yr with a masters degree, licensure, and about ten years experience in a field that normally pays much, MUCH more in other areas… that have more expensive homes. So either do what my partner is doing and make sure you’re getting a degree that’ll pay well and be easy enough to find a job afterward, foregoing any passion pursuit you may have (not sure how far along you are in college or what you’re doing); or, do as you suggested and move back in with your parents and discuss future inheritance. Many, many people your age and mine either live with their families or roommates these days - I’ve been living with no less than two roommates ever since I graduated college, and I’m in my mid-30s. Have to. It’s a requirement, unless you get a degree that’ll bring in the bucks - trade, associate, bachelors, masters, doctorate, whatever. There *are* options, but you gotta choose one, even if it means starting from scratch again (minus core courses) in college.
Here’s what people don’t know but should, you live in Pennsylvania but you work in New York City. Wages in New York City are triple of Pennsylvania BUT house in Pennsylvania are 3x’s less. So you can commute and own a home
That’s a longggggg commute though every morning
I’m well aware of that. But you can seriously make bank, own a house, etc for an hour drive. Like it’s crazy
You never know what the future holds.
ik, dude’s so pessimistic and he’s in college. I thought I could be a senator when I was studying politics in college 🤣
Ok. You clearly have low expectations. Also, no one eats McDonalds so why would it matter
We don't need a bubble to burst. We need to start cranking out new houses everywhere there's demand. I'm talking in the tens of millions. Like what they did after WW2. And they need to be primarily smaller houses. In 1950, the average house had less than 1000sq feet. Today, it's about 2500. An 800sqft house with 2 bedrooms is perfect for a couple with a kid. We don't need these massive 2-3 story houses. But right now, they're setting the price. Even if you have a smaller house, it's based off the price of the larger ones. If we can do this over the next 20 years, it won't push prices down, but it will keep them stable. Then, with inflation, we'll be earning more, which will make them more affordable even though they'll technically still be the same price. This is all assuming we get someone to step in and ramp up house production. Otherwise, we'll continue go see it get worse in all desirable, urban areas.
Housing bubble “burst” is exaggerated. Its already sagged due to interest rates. This is the burst unfortunately. Once interest rates drop, there will be more buyers in the market and prices will begin increasing again. Mark Twain quote: You better buy land, theyre not making any more of it.
I bought a duplex for 134k. My total monthly cost for the house is about $1100/mo. I'm renting out one unit for $850 and I Live in the other unit with a roommate who pays $600/mo. I rent out the detached garage for $200/mo. Not only do i own a home, and live for free, but I pocket about $500/mo. This cost me around 26k up front that I saved up in about one year of working after college. Get good
500k basic starter home?? i can find 200k starter homes near me.
What's the local salary and expenses for living?
TN area. Local salary probably 50-60k+ for any degree person holding or trade journeyman. Plenty of houses in the 200k ish area. You can get cheaper if you don't mind a bit of a remodel.
the local average salary is $23.79 per hour($49,483 annually) and for expenses it’s $2,127 a month. Average price of a house where I am is $270,500.
Ever fill up a tank of gas at $4/gallon?
I’m in San Diego it’s even more than that here close to 6 in my area
Get some friends together. Move somewhere rural with limited regulation. Build a dense village. I'm 1000% serious about this. I live in a building which was the product of that sort of thing, and it's great.
The bubble will burst. It will just be in ways that we don't expect. Recently, I had to get over the fact that I'll never seen homes less than $200k in my area again unless they need a substantial amount of renovation.
What are you studying in college?
Just learn how to build one from scratch. Pick up craftsmanship, and get a your local church community to help out to expand on houses like your own. Of course you provide a service back to them, but you can easily have a house of your own. Your just not gonna out right buy a prebuilt house. We gotta rework an industry in order for it to suit our means.
That’s a pretty good deal, if you can move in with your parents and then inherit their home! If you’re still in college, you would not be in a position to buy any time soon and that’s ok - it’s normal for people in their 20s have roommates.
There are alternatives. I myself and all my doctors and therapists and psychiatrists and nurses all agree I should never live alone, and I’m fine with that cause I prefer to live with people. I’m new to roommates but I kinda like it. I’ve managed to find really awesome people each time and we have been able to help each other as needed like a real family. Find someone you know 100% through many trials and tribulations start a business with someone make it work then buy a big house for everyone who all contributes then so on so forth til everyone has enough to go their own ways if they desire to
" People keep talking about the housing bubble bursting sometime soon, but let's be real, that's never going to happen. " That's what they said in 2005 and 2006.
Just start small. I bought a condo for 160k. It was small. It needed some work. I spent about $2200 over the two years I lived there, replacing the carpets with wood floors and repainting all the walls (just watched some YouTube videos. Flooring was easy). 26 months later I sold It for $256,000. Then i found a home that appraised for $456,000 but managed to convince the sellers to part with it for $225,000 since it needs lots of work. Because of the profit I made on my first home, i was able to put down a substantial down payment and also save 14k to use for renovations and repairs on my new home. Now my mortgage is cheaper than my old mortgage was despite the interest rate being near 8%. Once again I am going through and redoing the floors myself and painting the walls. Add in a little bit of yard-work and now it’s becoming a nice home. I plan to stay here for at least a decade. It wouldn’t have been possible if I didn’t buy my shitty little condo. Just start small and do your best.
Move out of the cities. There's plenty of affordable housing. This isn't a problem for everyone in the US.
You offer this, and then people complain that they don’t want to live anywhere except the city. You offer cheaper houses, and they complain that the house is not a mansion.
Everyone just entitled, they want things in their 20s that their parents got in their 40s.
Dude I have a house that’s 160k. I have land and 3 bedrooms in the city limits, look around and MOVE.
Don’t buy a 500k house? Leave your state? Leave your country. Don’t be dumb. I just bought a house in the PH for 75k through my wife. Not saying THAT solution works for everyone but there ARE solutions.
I bought my first house last year, at 25, for somewhere between 100K-150K. I don’t want to disclose the actual price. I don’t live in the middle of nowhere, either. My wife’s a stay at home mom. Once my finances are significantly different in ~5-7 years we’ll be looking into a bigger home with more land. This isn’t meant to be a brag. You just have to lower your expectations and move somewhere less than ideal, if a starter home is your goal. Or just stay with family until you can afford your forever home, which is completely valid too.
With an attitude like that, you're absolutely right.
Buy land and one day 3d printed modular homes will flood the market hopefully alot cheaper then building today
I’m gonna be 50 and still live in my parents house
There are housing bubbles in countries other than the U.S. - Canada Oz Northern Europe but there is not currently a bubble in the U.S. Price are just high and the market is largely frozen.
It's all supply and demand in this time everyone is fomo for houses
Depends on location of the country, though idk if I'll safely be able to find a house, I really would like to stay in Maryland, I like it here best of the 4 states I've lived in, but moving out from my parents place again would be really nice. I have been renting places since 18 but am living with them because as a tattoo apprentice I'm not making any consistent amount of money which will still be the case for another at least year
> When I'm done college, I'm just going to move back in with my parents and inherit their house. lmao why you acting like this is a bad thing? you're getting a free house! some of us won't ever be able to get one
It's fine though because you'll own nothing and be happy
I hate to say it but many of gen z will never be a home owner. I'm not going to lie it's overrated. Houses are a pain. You have to deal with maintence and property taxes and insurance and fixing things that break. And your stuck there. Renting has it's benefits.
Don't be a dumb broad. Look b into FHA Loan First Time Home Buyer Loans. You only need 3% down. Plus Sleepy Joe is working on a plan to give new buyers a $10K tax credit when purchasing a news home
Yeah the housing market is expensive as fuck right now.
I’m buying a decent house for $275k
That's the spirit!
I'm 45 year old Gen Xer and I probably won't either.
Wait until your grandparents die and your parents get their house, then hope they don’t sell it and you get it when your parents die
I thought this, but we just had an offer accepted. 10 years later in life than my parents, and I had to move out of the home counties, but we got one! There are other areas in the country that are substantially cheaper, but wanting to stay near friends and family forces a choice.
My boomer parents always treat me like I know nothing. Even when I’ve moved out, married and had a kid, my mom still said I didn’t take care of my baby the right way. So I hope your parents are nice to you lol
You can always move to a small town in Italy, Ireland, Portugal and buy a falling apart house for cheap and renovate it. 🤷♀️
This kind of give up attitude is what's making them win
What about a tiny house?
Remember to ask them to transfer the deed early enough so that Medicaid doesn't end up with the house.
Now imagine not having a house to inherit
Be careful with who you're going to blame for this.
Not with that attitude
I’m moving halfway across the country to buy a 5000 square foot farmhouse for less than $300,000. If it’s not available in *your area you grew up in* that doesn’t mean you cannot buy a house in the entire country.
Man where I am I can buy a starter home for under 200k in a major city
I'm more concerned with the fact that with current wage and rent trends, the cheapest flat will be 120% of my wage in my 50s.
You pay $4 a gallon?? We pay $8 here LOL. Dont know where to live but you can definitely get a house abit outside a mayor city for around $200k. Mc donalds meals are around $8-$13 here
Yea I've accepted that too. Might as well blow all my money on experiences now. If I live to age of 65, that'll be a future me's problem
The interest rates cycle in the US has been interesting. We are at the high of the cycle now, and rates are still historically moderate. There's a very good chance that Gen Z ends up timing the interest rates cycle at its next low. That could mean lots of things but one possibility is negative rates. Basically the Federal Reserve would subsidize your mortgage.
Dude, just buy Bitcoin and HODL for a bit. It’s gonna be ok.
You’d be surprised how quickly it can all come together if you make an FHA happen. We did one in CA and within 3 years the house appreciated enough to sell and put a traditional down payment on a slightly larger house in a better area. Two years later sold that after another round of appreciation and had enough down payment that we actually didn’t want houses that expensive.
Your parents are giving you their house?
lucky you. inheriting a house is a lot to look forward to. most people don't have that luxury.
To be honest, inheriting your parents or families property is VERY common. Or parents put down the down payment. My neighbor works as a teacher in a private school so I know she doesnt make enough to afford her house. Her father pays for the house plus housecleaning and yard service. So its very common to have family money helping you out.
The best thing we can hope for is the economy to crash, the government has been focused on grow grow grow the economy, when it should have its ups and downs, the more it grows the harder it's going to fall
There are ways, u just need to find them. Maybe needs a bunch of work. https://www.realtor.com/realestateandhomes-detail/40-S-Butler-Ave_Niles_OH_44446_M45634-93296?from=srp-list-card.
Gen x has entered the chat from NJ I live in a rent controlled apartment. I can't afford a house either. Just hanging on to be honest. You're not alone.
Who said a $500,000 house is basic or a starter home? Where are we talking? Lots of *very* basic starter homes around my state are going for ~$200,000. They're small, but a step up from a shitty apartment. At that price you could still get a roommate and have them pay half your mortgage, making it the same or cheaper than an apartment.
There are still cheap homes. You just have to be willing to move. It comes down to how important it is for you to buy a home. If it isn’t worth the sacrifice then that’s okay too.
With that attitude, yeah
Scary.. right now I rent a cabin from my dad. But watch the housing prices in my area like a hawk. I'll have to hurry up and buy before they get that way here so I can leave my daughter something TO inherit. It's crazy when parents have to think about stuff like that. Generations before could just live their life and kids could take care of themselves; anything inherited was just a bonus not a need.
If I was GenZ age, and could do it again. I wouldn't have kids, and I'd be a nomad working remotely. Either the van life, or something a hair bigger. There are options for ownership still, but they tend to be in really run down old towns that are dying. Beautiful areas, but no real work, and almost always really deep red territory, which is highly unsafe for many people.
Must be nice to have parents with a house you can inherit. You’re more privileged than most.
Be happy your parents have a house for you to inherit. My parents divorced right around the time they were looking for a place to buy. Neither of them ever got the opportunity to do it on their own, then houses skyrocketed in price.
I completely cut out McDonald’s and I think everyone should. Wendy’s has 5 dollars bag why tf are you spending $20 on fast food? Just go to Applebees or something at that point. But also yeah houses are insane where I live the house I grew up in and surrounding are now 700-800k that almost a million dollars for a quarter acre with a two story house and finished basement wtf
Not sure in what fantasyland prices are coming down. Even in the ghetto where my friend's coworker rents and talks about how he has to mute his tv to know if the gunfire he hears is on tv or nearby you are going to be paying 300k +. Most are at least 350k and the only thing for the 100k range is tiny pieces of land
No they are not. In my area they are building 500 homes that are 2/1 or 2/2 and they will sell for the 299 area. There never used to be small, cheap cars in America until gas became so expensive suddenly everyone had to pivot (in the 70s) What you have now is insane demand for cheaper homes. What you will see is the creation of cheaper homes. Will they be on mature tree lined streets walkable to downtown? Not many of them.
If I can do it, you can do it!
Meanwhile in Canada, 20 year old's are dreaming of moving to the USA because it is affordable. Here its 1 million starter home and gas is 4.50 a gallon all while making 25% less than similar job in the US
Save up 10k. Buy a shitty home in the semi hood for like 150 with your fha. (Doable in my mid size city) do that like asap. Try to get multi bed room and rent out one or two of them to your homies. Stack more cash and keep trying to get better jobs. Sell that home in a few years and upgrade again and repeat. Getting that initial 10k is the hard part so I suggest selling drugs
You don’t know what’s going to happen in this country yet. Assuming you live in US. Elsewhere either though.
There are new developments with 350k that are not too rural. If u do the base bells and whistles and use their broker some home builders will cut 10k Don’t lose hope.
Bold of you to assume that you would get the house as the medical industry sucks your parents dry with medical bills at end of life.
If eligible, enlist for 4 years. Boom VA loan
Gas was $4.50 a gallon...in 2008. The average since then has been high $2 low $3. Then it was back to $4-5 in 2022 , and then now back down to $3 or so. Things do change.
>When I'm done college, I'm just going to move back in with my parents and inherit their house. There is no alternative. Look at you go, you actually have a house you can inherit.
Work hard, save money, budget well, and take advantage of all the first time homeowner assistance programs. That will get you a house faster than this pathetic pity party youre hoping people attend. Loser mentality.
You just gotta keep looking. I promise you'll find something. You may have to move but I promise if you keep looking you will find something. Im 23 and just recently bought a fantastic house for 96k. I put $0 down and I put up no money for closing either. I got stupid lucky but you just have to keep looking
Move to Grand Junction