Do you worry you won't be able to afford a decent house in a decent area when you get married and to start a family?

Question

The house prices I'm seeing are ridiculously too high. Just the mortgage alone in a decent area and you are literally looking at about almost $50,000 a year, not counting home insurance. 🙄

PragmaticProfit · Accepted Answer

Normally, when interest rates are low, home prices tend to be higher, and when interest rates rise, home prices tend to decrease. Monthly payments tend to just rise with inflation. The best approach is to buy when home prices are low and then consider refinancing when rates are low. The increase in home prices is influenced by inflation, and it may take time for incomes to catch up with the overall market asset prices. Inflation appears to be decreasing, and I predict the Federal Reserve will make adjustments around the middle of next year. Currently, it's a favorable time to accumulate assets.

Stoner710 · Accepted Answer

Yes all the time. At least in the United States. It seems the harder I work the more pointless it seems to be because Bidennomics sucks. Inflation, stagnation, or stagnant economy. It was a lot easier under Trump. At this point, I’d like to see some deflation of the economy.

provokeesmokee · Accepted Answer

I don't see a point in worrying.

I have a good fair rental, I am continuing to build savings.

Frankly, I'm waiting for a full economic crash. I'm hedged against it, and a full meltdown like '08 is what I'm waiting for.

Property valuations are too inflated to be worth it at current market price, anyways. Once the prices correct and there's better regulations against landlords and REITs, I'll consider buying.

Until then, no point. I get free property maintenance right now, for the same (less) than a mortgage and taxes.

electromagnetic · Accepted Answer

My parents bought the house my partner and I currently live in during the recession of 2007-2009 so I am fortunate in that aspect. However realistically speaking, we don’t want to live in that house since our goal is farming which is a lot easier. The goal is to wait for the property to at least double in value which isn’t far and flip it.
that way, we can slip the monies between my sibling and I and they can consider down payment for places they’re interested in later on.

LaFemmeFatale_1 · Answer

No, I no longer see marriage happening in my life any time soon, so I don’t worry about that anymore.

I used to accumulate money to buy a nice place in Georgia, where my children would go for holidays or live there. At that time I was engaged and could see having children soon in future.

I no longer think about that.

purplepoppy · Answer

Huge problem in the UK particularly in southern England where even rent is unaffordable to a lot of people forcing them into house share.
Even here in Wales where house prices are traditionally lower many are been snapped up as holiday homes by outsiders pushing the price beyond the locals. Another problem is as more and more work from home people are moving away from cities and into coastal villages.

RealMarek · Answer

I worry for my son. I’ve told him to seriously consider getting a small trailer when he’s starting out to avoid confiscatory rent and housing costs. With unrestrained migration, investment from wealthy people, environmental regs, and inflation the housing market is going to be out of reach of most people. Eventually there will probably be severe deflation and lower housing prices, but we could be a decade or more away from that.

Redstang88 · Answer

Don’t want kids, but I want to buy something in the next couples years and it sure ain’t happening here. Anyone outside the upper class have been priced out of real estate here, a detached house is 1.5 -2 million at least, even a decent condo is pushing a million now.

Likes2drive · Answer

Yeah I have no idea what future families will do, the American dream is just a dream now it seems, I don’t know what people will do but become servants to the rich and live in their homes it seems like, no more middle class. I’m trying to get a house and have owned in the past but it’s so expensive now that I can’t even do it again and had to short sale my last home years ago and it’s unrealistic now to get plus rent is even too expensive

LazerBean · Answer

I'm definitely glad my husband bought our house before the market crashed. We wish we would have bought a second one that we could have sold for double by now. We would love to buy one up the street and turn it into a rental, but we will see.

Sour-rose · Answer

No. Not starting a family, already married and we're happy in our own respective homes... and when I hit my dream, i'm gonna build  my  home.

DarkWinterNights · Answer

Unfortunately, you have to be married or have a dual income household to even roughly afford a home. I got a fixer-upper that’s taking a lot of work and I still paid more than I feel like it was worth.

Kori1236 · Answer

I don’t care about having kids or marriage but I know houses won’t be affordable to me. Unless I work several jobs and get something with a rental suite below

nolabels · Answer

Yeah. 45 years ago, when I was starting out in life on my own, I was extremely concerned about such things. Here I am all these years later, still plugging along.

Sun_Kim-Ai · Answer

No, I already have more homes than I need to, although not by my own merit.  However, I admit I'm finding it difficult to sell a couple of them - people aren't buying houses anymore.

Iron_Man · Answer

I have my own house it’s paid off, but my property taxes are high and that’s a problem I don’t have homeowners insurance

Exterminatore · Answer

For me this is a non issue as I already have a decent house in a decent area. All credit to God for that. If I did not have a house it’d be a definite concern.

Mansearching · Answer

I'm more worried about the maintenance on the house. Can't get a home improvement loan to fix anything. The things needing fixed are out of my expertise.

BoopBoopBeep · Answer

There are plenty of states where you can get a nice home in a nice area for under 200k. Go to one of them if you're concerned. Plus when you get off the coasts the crazy factor decreases.

AngryCarl2 · Answer

I'm fortunate that I got myself settled when prices were lower. What you have now is a seller's market, by design. And it's going to get worse before it gets better.

Sparkie460 · Answer

I bought my house 30 years ago. It was a lot of money back then. Now I can sell it for 5 times what I paid for it which is the normal price for a home these days.

DextroShade · Answer

I got my house a month before Biden had the Fed raise the interest rates. The globohomo obviously do not want regular common people to own land or houses.

Christsdisciple15 · Answer

Yes I think about this and when I look at even just apartment prices it hurts so much

Alwayreckles93 · Answer

I be more concerned if someone die inside or if its huanted or if it has demons. What if a witch live 8nside andpractice witch carft. I take those things seriously.

ProbablyClueless · Answer

Nah. I'm happy to say I have decent earning power.

exitseven · Answer

I bet a lot of people will be priced out of the market. America as we know it will be gone.

hahahmm · Answer

I live in a nice part of one of the expensive cities in a red state & mortgage (for my house) isn't that high so keep looking.

Avicenna · Answer

You could always move to a place like Syracuse, New York if you want cheap housing

Cubus · Answer

No, because I have an inherited piece of land, where I can build a house.

HeartFullOfGlue · Answer

Pricing is insanely high and there's a lack of housing where I'm from. Yeah I worry about.

Anonymous · Answer

Not likely getting married or starting a family but no, I'm not planning to buy a house... more trouble than it's worth

captain_voidwalker · Answer

I don't worry about it since I make fairly decent money but I also choose not to have a family. Marriage and kids are luxuries I simply cannot afford

OddBeMe · Answer

It’s a bubble. Hopefully it won’t pop but ease back down.

Mariammhan · Answer

No it’s fine what’s meant to be will be

zebronics · Answer

These interest based lines are to suck your blood.

LiamJHayden · Answer

I don't, but only because I inherited mine.

Twalli · Answer

You could wait for a good buying market.

DermalPunch · Answer

Not at all.

sheikalana · Answer

Not at all.

shades777 · Answer

ah the benefits of being white

Do you worry you won't be able to afford a decent house in a decent area when you get married and to start a family?

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