How the fuk are people my age (22) affording a house?

[TheAsianMan]

because they dont live in california op

[DannyBriere]

idk, i wonder the same thing

location + family riches

edit: wat, you make $50/hour? da fuk.

[datniche]

$52 an hour and you can't figure it out?

[Evobby]

Yea 52/hr would be good in another state..

I live in Arizona I make 28/hr and will be able to afford a brand new house out here cus nice ones go from 60k-140k (hell majority of the cheaper ones have pools too) but thats cus we had a huge housing boom and when the market crashed it kill the housing market out here. There are some houses that were built in 07 that have never been lived in. srs

[SOCALNINER]

I can confirm, I am OP's paycheck

[Rain50]

More than likely their parents are loaded.

Or they were extremely smart with their money growing up.. there's a ton of ways you can make big bank at young ages that really aren't that difficult if you're willing to put in the time to get good at it.
srs.. flipping a countless number of different things(cars, phones, etc..), investing in stocks, real life trading of stuff from online games(not legal obviously), making apps for smart phones, a popular youtube channel.. I mean really.. there's a lot of young people that bank in on these things

[MundoGrande]

$52 an hour and you can't figure it out?

I'm doing all the math right now, and no, I can't figure it out. Especially with student loans, my calculations are putting me at 5-6 years of saving before I can move out.

[moosecakes4all]

Yea 52/hr would be good in another state..

I live in Arizona I make 28/hr and will be able to afford a brand new house out here cus nice ones go from 60k-140k (hell majority of the cheaper ones have pools too) but thats cus we had a huge housing boom and when the market crashed it kill the housing market out here. There are some houses that were built in 07 that have never been lived in. srs

Arizona is where it's at for housing right now. Been reading that all the time on flipper forums. Would love to get out there within a few years before the market turns around and snatch some property at a good price.

[ChickenDippaz]

People in San francisco buying houses at 22 years old? I don't believe that one bit.

If you're referring to the misc, some of them live in the middle of nowhere where houses are cheap.

This.

I don't know a single person at 22 who is buying, the millionaires from my school either already have houses or do the Condo lifestyle.


The "ambition" for on the rise 22 year olds in San Francisco is an apartment in the Marina district.

You could always do a cheaper one in the Mission, many new grads rent there OP.

[MundoGrande]

More than likely their parents are loaded.

Or they were extremely smart with their money growing up.. there's a ton of ways you can make big bank at young ages that really aren't that difficult if you're willing to put in the time to get good at it.
srs.. flipping a countless number of different things(cars, phones, etc..), investing in stocks, real life trading of stuff from online games(not legal obviously), making apps for smart phones, a popular youtube channel.. I mean really.. there's a lot of young people that bank in on these things

I'm starting to think this is it. I mean this one motherfcker makes 70k/year here in the city, drives an Audi, and has his own place. He's 25 I think. HOW?!

[datniche]

I'm doing all the math right now, and no, I can't figure it out. Especially with student loans, my calculations are putting me at 5-6 years of saving before I can move out.

I'd just get a room and feel rich as fuk...

[Evobby]

Arizona is where it's at for housing right now. Been reading that all the time on flipper forums. Would love to get out there within a few years before the market turns around and snatch some property at a good price.

Yea it is, IMO if you're interested in flipping I would do it soon, our housing market is starting to go back up. I'm looking to buy a house by January on a low fixed rate with no down, and closing costs paid but thats cus I got the VA home loan.

[DannyBriere]

bring that $50/hour to illinois lawl

[greg_84]

Really.

I laugh when people wet their drawers about people in Ft McMurray making 90-110k a year.

This, join a United labour union, find travel cards, make easy 150k working OT at an industrial site, 200k if you want to sacrifice any life at all for a year

[Drake27]

Its their parents/family 99% of the time

Their parents seed them the down payment/tax money to get them on their feet, and then the kids pays the mortgage which would be less then renting an apartment half the time

these are the same ****s that act like they made it on their own and look down on you for not having a house at their age never telling you they had help buch of ***gots

[moosecakes4all]

I'm doing all the math right now, and no, I can't figure it out. Especially with student loans, my calculations are putting me at 5-6 years of saving before I can move out.

Ya its tough man for sure. SF you're going to be SOL either way because anything under 500k is going to be ghetto as fuark and/or old as hell. If I were you I'd try to save as much as I could and after 5-6 years maybe move somewhere else. For the time being try to find a nice apartment for $1500 a month, or if you don't mind live with a group of people in a nice house, or best yet stay at home with your parents (inb4 misc rage). You'll save loads that way but obviously depends on your relationship with them.


BTW tons of people I know will spend WAY beyond their means just to put up a facade.

[Mikey6119x]

I'm starting my new job in a couple weeks in the San Francisco. I'm starting at almost $52/hr, which I thought was pretty good, but I'm looking at the prices of houses nearby and all the decent-looking places are all over 500-600k. I'm being told right now is the time to buy a house with rates and house prices so low, but wtf. How are people my age buying these homes?!

like others have said the avg home is about 100K you just live in an expensive area IMO i wouldnt get locked into a home at that young of an age especially at that sort of price there are thousands of foreclosures up for auction ive seen great homes around here 100% ready to go for under 10K (SRS) my dads neighbors home (owner died) just went for 3,200 at auction and it was just completely refinished and even had a 5,000 front porch just installed/built but again IMO i wouldnt get locked into a home live comfortable in something nice and save $$$ as much as you can because you dont want to end up having a home that eventually you will get tired of but be stuck paying for it and since they are 500-600K you will def be paying the rest of your life the market is tough right now no one is buying..

Their parents paid for everything when they were younger. 100% garunteed. Work part time in college and save everything since their parents pay for their tuition, housing, food, etc. Graduate, get job, bank a few extra thousand to fall back on and then put a down payment on a house.

Honestly if I had rich parents who paid for my chit I would have a house right now no problem. it's not that hard to believe. Worked pretty much full time since I was 16. Even saving only 10k a year that's 60k by they time I was 22, which is more than enough to put a down payment on a small house in my area.

My parents didn't pay for anything of mine and they certainly weren't rich I saved money like a motha fo i bought my first (and every car since then) paid for my college and all my expenses for everything else in between its not easy but do-able but im also not in a neighborhood that is 500-600K homes but i dont live a in a ghetto just the country ..with that said NY is super expensive and im moving to FL because i can get a home thats 2x the size for far less $$ and be minutes from the beach, college, and everything else ..Also i do agree that a majority of people who are the 22yr old range defffffffffff had someone paying for their stuff

[MundoGrande]

Yea it is, IMO if you're interested in flipping I would do it soon, our housing market is starting to go back up. I'm looking to buy a house by January on a low fixed rate with no down, and closing costs paid but thats cus I got the VA home loan.

This is also why I want to buy a home sooner than my calculated 5 years. Prices are starting to come up! Would it be detrimental for me financially if I come up with less than 20%, because it looks like house prices are on the rise anyway.

[Oztralian]

i hope u lose ur job *******

[m1ndhead]

100k at 22? Cmon man you're lying. When you make that much money you don't look at it as how much you get paid hourly, you look at salary.

If not hit me up I'm a money manager ;p
www.strati.co

[simpson54]

Im working out some of the final details of buying a house that was foreclosed on and sat unoccupied for a long time so its pretty beat up, but in a nicer neighborhood. Gonna rent a spare room to a friend and fix the house up in my spare time. Thats how im doing it

[Randy_Marsh]

I'm doing all the math right now, and no, I can't figure it out. Especially with student loans, my calculations are putting me at 5-6 years of saving before I can move out.

How high are your loan payments? I work in SF and live in my own apartment about 45 minutes south of SF with a few roommates and I'm living perfectly comfortable on around 52k a year. I'm saving money just fine while having plenty left over for any discretionary spending. If you can't figure out a way to make your situation work while living at home with almost double my salary then you're retarded.

[mainsqueeze530]

Most live in an apartment or split rent with their roommates (me). I have never seen a 22 year old with a $500K house. Unless rich parents.

[Evobby]

Brb.. 109k for 3br/2ba w/ Pool..

http://www.homes.com/listing/1678898...AVEEN_AZ_85339

[MundoGrande]

Ya its tough man for sure. SF you're going to be SOL either way because anything under 500k is going to be ghetto as fuark and/or old as hell. If I were you I'd try to save as much as I could and after 5-6 years maybe move somewhere else. For the time being try to find a nice apartment for $1500 a month, or if you don't mind live with a group of people in a nice house, or best yet stay at home with your parents (inb4 misc rage). You'll save loads that way but obviously depends on your relationship with them.

Yeah, great relationship with my parents, but just need that life experience of being on my own with my dogs. Commuted all 4 years of college and just need that experience of having my own place where I can walk around buck ass naked and playing my porn through loud ass speakers

[xflydie]

52/hour? what do you do?

[Evobby]

This is also why I want to buy a home sooner than my calculated 5 years. Prices are starting to come up! Would it be detrimental for me financially if I come up with less than 20%, because it looks like house prices are on the rise anyway.

Not only are prices rising but fixed interest rates are going up as well.

IMO I would suggest looking other places around your area as well.. Sometimes you can find good deals it just takes a lot of work

One of my good friends bought a 2 story, 2500+ sq ft, 4br,2ba w/ Pool for 60k out here just a couple months ago

[MundoGrande]

100k at 22? Cmon man you're lying. When you make that much money you don't look at it as how much you get paid hourly, you look at salary.

If not hit me up I'm a money manager ;p
www.strati.co

I'm srs brah, it's the norm for an RN here in San Francisco.

i hope u lose ur job *******

that's mean

How high are your loan payments? I work in SF and live in my own apartment about 45 minutes south of SF with a few roommates and I'm living perfectly comfortable on around 52k a year. I'm saving money just fine while having plenty left over for any discretionary spending. If you can't figure out a way to make your situation work while living at home with almost double my salary then you're retarded.

bout 22k in loans, and interests on most of it starts in November.

I know how to make my situation work while living at home. My point is, I don't want to live at home. I also want to take advantage of the buyer's market for housing while the prices are right. Yes, I can move out with roommates right now no problem, but I don't want to throw away money on rent when I could be paying off a mortgage. I can stay at home, but 5+ years is way too long.

[hackerwacker]

My parents didn't pay for anything of mine and they certainly weren't rich I saved money like a motha fo i bought my first (and every car since then) paid for my college and all my expenses for everything else in between its not easy but do-able but im also not in a neighborhood that is 500-600K homes but i dont live a in a ghetto just the country ..with that said NY is super expensive and im moving to FL because i can get a home thats 2x the size for far less $$ and be minutes from the beach, college, and everything else ..Also i do agree that a majority of people who are the 22yr old range defffffffffff had someone paying for their stuff

props to you if you actually pulled that off. For 99.9% of people that is completely infeasible to do. Though I'm curious what you did for money if you were able to pay for college, houseing, and cars and still be able to save enough for a house in NY.

[paylowsore]

500k-600k, da fuk......where do you live?