| ▲ | thinkingemote 6 hours ago | |||||||||||||
You might want to qualify this with start to buy a house and get a mortgage and then pay off when older than 20s-30s. I think some people in the comments are thinking you are saying they could outright buy a house straight out of school! (Which in a way might be a symptom explained in the article! | ||||||||||||||
| ▲ | trollbridge 6 hours ago | parent | next [-] | |||||||||||||
It should be noted the house my parents bought in their early 40s was a 3 bedroom, 1 bath, with no air conditioning. The school district was so-so, the lot wasn't very big, and the economy in that city at the time was declining. Most young people wouldn't be too interested in that today. (Interestingly the cost of housing in the Bay Area back then - late 1980s - was the same as that Rust Belt city; we almost ended up there.) | ||||||||||||||
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| ▲ | dachworker 6 hours ago | parent | prev [-] | |||||||||||||
My parents bought their house cash. No they were not high earners and not even median income earners. Yes the house is now worth close to a million dollars. | ||||||||||||||
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