This is really a pet peave of mine. Blaming it on the job market is completely misguided. I left home at 18 for college, bought my first house at 24, build my own house at 34. My brother - divorced twice, lived at home (while married to #1), moved back in after divorce from #2. I play hockey with a number of guys in their mid 30s who still live at home. And the worst part? They are not shamed by it at all. Yet they wonder why they can’t find a wife.
Hell, it only costs 89 dollars just to fill their gas tank...After the high costs of rent, sky high food, insurance, utilities etc etc...
Hells bells, so what in their in the hole, -900 per month!
They all must be lazy.
I left home at 18 for college, bought my first house at 24
Oh sure, go to work at chicken licken for 8 bucks an hour, put yourself thorough college and then run out and purchase $180,000 to $400,000 home at 24 years of age...Riiight.... Sure buddy.
All this while millions in the 30s, 40s and 50s are losing their jobs, businesses, homes, retirements ...While young 24 year olds are doing so great, they're buying homes!!
Thanks for that obnoxious attempt at humor.
You could not be any further detached from reality.
This isn't your parents America.
Ya better get used to it
You could at one time do this, even ten years ago.
In my area, I could have bought a 1 bedroom condo for 35 thousand dollars. It would now cost me a minimal 170 thousand dollars to buy that same condo.
If you wanted to buy a townhouse in my area, you gotta shell out 250 thousand dollars. To pay a 250 000 mortgage, when you include the mortgage, taxes, upkeep, etc, is probably going to set you back 2500 a month, to make any meaningful headway into the mortgage itself. To buy a house is going to cost you a good 4 grand a month.
I don’t know too many people who has 4 grand a month to pay a mortgage. The average income is about 60 grand a year in my area.
Not too many people I know could afford a post-secondary student loan and a house, without considering starving.