Gen Z here, bought a small home with 3% down first homeowners loan.
Honestly the only thing going for me was being married. Dual income was a big step up, but other than that it was just me and my wife. We don’t even make all that much, I have a degree in anthropology lol. No money from either of our parents.
We did rent the cheapest place we could find, and that neighborhood was rough. I will say if we tried to buy our house again today I’m not sure we could. Interest rates and home values have shot up like crazy. It only taken about 4 years for things to get that crazy.
Gen Z here, bought a small home with 3% down first homeowners loan.
Honestly the only thing going for me was being married. Dual income was a big step up, but other than that it was just me and my wife. We don’t even make all that much, I have a degree in anthropology lol. No money from either of our parents.
We did rent the cheapest place we could find, and that neighborhood was rough. I will say if we tried to buy our house again today I’m not sure we could. Interest rates and home values have shot up like crazy. It only taken about 4 years for things to get that crazy.
I got curious to see what it would be like if I refinanced my house.
My current mortgage that I’m paying $2850 on would be over $4,000 with today’s interest rates.
I literally could not afford to live where I’m living if I hadn’t moved when I did.