re: Baffled as to how single people afford houses currently

quote:

---

I do think the free market will lead to people moving to rural oasis'.

---

This is what I plan on doing. I work remotely and want to get out to about 20 acres of land with some animals and some crops and spend a few years slowly building up enough of a farm business and nest egg to call it a career.

quote:

---

Try single income family household. It's a mafukka out here

---

Yeah, my wife keeps saying she wants to be a stay at home mom and this is exactly why I keep saying no

I bought and lived in a cheap condo from May 2017- June 2023, much better financially than renting an apartment, got a decent chunk of cash at sale. And I personally love not having to worry about shite like landscaping.

quote:

---

Wives must work to make enough money to afford the absurd standard of living considered to be "basic" these days.

---

Maybe they actually like having a career.

I do agree with the expectations part, though. What people expect in a "starter" home is now what used to be a super nice "forever" home. Everyone I grew up with was buying 3/2 or 3/1.5 1800 sf homes that were 20 years old in 1985. Now people act like that's a shack.

My daughter lived on campus (scholarship) for college, then she moved back home with us for 18 months while she was working full time in her field and saved her money. She had saved about 28% for a down payment. Her mortgage is at 3.25%. Got it right before rates exploded.

Bought a great 1500sf house well below her budget.

She now has a friend staying there who is paying rent. Instead of her paying it off in 30 years she is looking at about 15 right now. It’s in a great location and she can easily rent it out when she gets married.

She is very good with her money and doesn’t buy stuff she can do without.

quote:

---

I do think the free market will lead to people moving to rural oasis'.

This is what I plan on doing. I work remotely and want to get out to about 20 acres of land with some animals and some crops and spend a few years slowly building up enough of a farm business and nest egg to call it a career.

---

Have you ever lived in a really rural area with your children?

quote:

---

Have you ever lived in a really rural area with your children?

---

No kids here. Considerations for me to be mindful of?

quote:

---

No kids here. Considerations for me to be mindful of?

---

You are their friends.

quote:

---

I do well and am single and I sometimes wonder how the frick I would ever make it if I had to support another person, let alone multiple.

---

This goes through my head every day. It definitely affects who I date as I cannot imagine downgrading my lifestyle to support them

Well it's a two fold problem. If only interest rates were high and a 150k home wasn't priced at 300k, then I'd buy at a higher rate and refi later. However, getting a mortgage on an inflated home means no one would refi later once the value drops without me covering the difference.

So it makes you wonder how many will default when the housing market inevitably corrects. Which is why I'll pay my low rent until the housing values correct.