But...... I did that and I'm a millennial. Am I doing it wrong?
@Dknessfalls, no I did it and I'm lazy af
@Dknessfalls, yeah same, I have a degree but my job didn’t require one. I own my house too.
@Dknessfalls, How big is this house?
@Available Username, house is 1000 Sq ft. Lot is 10,000 Sq ft. Southern California
@Dknessfalls, How much was it and what was your pay? Surprised you managed to afford a house so quickly while paying rent and bills
@Available Username, $240k, FHA loan, didn't accrue credit card debt past 20% of my availability
@Dknessfalls, good on you dude, surprised you managed to get that with no degree or anything
@Dknessfalls, how much is the loan monthly? And for how long will you be paying on it?
@Tyrellious, about $1600 a month on 30 year payment plan
@Dknessfalls, what job do you have bc imma need you to hook me up
@oh deer, pharm tech and work at a cancer hospital
@Dknessfalls, did you have help with the down payment?
@big freedom, the FHA loan makes it so u have a lower down payment but higher interest than a conventional loan. 4% instead of 3.25 or 3.75% but figured better small interest increase than $20k-$30k down
@Dknessfalls, have pmi as well? That takes a good chunk of the budget. Either way, good for you for getting into the market early!
@Dknessfalls, I have my own trailer does that count?
@Dknessfalls, Jesus Christ my house cost $34k + $50k of refurb, 2k sqft
@FP Waiter, the original owners bought the property for $8000 back in the 80s. According to public records. That's a huge markup in 30 years
@Dknessfalls, quite the return on investment. I don’t envy California property prices.
@FP Waiter, it's a luxury to live here but I wouldn't trade it. Oregon and Colorado may be nice to visit but I don't think I'd want to live there in my youth. Way too much freedom living out here. We can go hiking, snow boarding, surfing, river rafting, sea or lake fishing, sight seeing or straight up wandering a downtown all within a 2 hour span of wherever you live.
@Dknessfalls, Jesus that's a lot per month for a 30 year. You must be making bank
No that is absolutely true. Kids do have it easy. Then they become adults and have it even more difficult because they were babies and can't handle real responsibility.
Still baby boomers fault though. but the difference is that we need to recognize kids aren't being raised in a way that prepares them.
UPLOAD YOU FCUKING LIBERAL!!!! YOUR MEMES ARE AS STUPID AS THE HIT MOVIE 19 DOORS!!!!1!1!11
Your memes are bad and you should feel bad
@Chiefkev, this one's a golden oldy.
@Chiefkev, you comment is bad and you should feel bad
I bought my house with my 7 to 7 when I was 24
To be fair our money was actually worth something back then.
I bought a house in my twenties with a 9-5 job and I'm a millennial. It just takes a little thing called hard work.
@Bobaganusche88, also living in the right place I'm guessing you don't make over $150k a year which is basically a requirement to be able to purchase a house where I live
@Runnin with scissors, if you can't get a job that supports owning a home where you live then change where you live.
@Bobaganusche88, that's kinda the issue though a lot of places where people go to college are really expensive and are almost always the most desirable places to live which is why they cost so much. Mobile homes where I live cost upwards of 200,000. This all happened in the last 20-30 years so when there were young families that were able to afford a place in my town their kids are reaching the age where they are ready to buy or rent a house but can't afford to. What's worse is the job market in town is flat so it's mostly vacation rentals now. Shjt isn't as simple as you think all the time.