• some_guy@lemmy.sdf.org
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    6 months ago

    If they saved enough for a house in three years, either they have a highly lucrative job or they’re in a market where homes are cheap or some combination of the two.

    • Jolteon@lemmy.zip
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      6 months ago

      3 years is definitely a good amount of time to get a solid down payment. It’s not like a 25-year-old is going to buy a house with cash.

    • vanderbilt@lemmy.world
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      6 months ago

      Either they work oil wells in bumfuck South Dakota or they are a SRE with a Silicon Valley company.

    • JohnDClay@sh.itjust.works
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      6 months ago

      My area, you can get a house for 100k, a better one for 200k. If you’re saving most all income from a 75k job like programming, seems reasonable to be able to afford a house in that timeframe. But that’s with very very little spending and still pretty cheap houses.

        • GBU_28@lemm.ee
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          6 months ago

          Where are “programmers” making less than 75k in the west?

            • GBU_28@lemm.ee
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              6 months ago

              You work on the internet, my God

              Half our team is from Spain and we pay us wages.

              Don’t be silly, market abroad

              • Tja@programming.dev
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                6 months ago

                No, you don’t pay us wages. You adjust for local CoL like every company on earth, or you wouldn’t hire in Spain.

                Even in a fantasy world where your company is a unique snowflake that pays 150k a year independent of location, those are a dozen jobs for a country of 50 million people.

                • zeekaran@sopuli.xyz
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                  6 months ago

                  As a note, my company, a fortune 50 company, does not adjust for cost of living. They adjust to cost of labor.

                  So if they were to magically hire overseas (not a thing they do), they would pay people from Spain average Spanish wages for the industry.

  • Reddfugee42@lemmy.world
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    6 months ago

    Multi-generational homes are as old as the human race. Everybody being expected to leave when you’re 18 is an incredibly new concept in the grand scheme of things.

    • OttoVonNoob@lemmy.ca
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      6 months ago

      North American individualism. The path we were promised was get education, get job, get apartment, meet so, merry so, buy house then have kids. The American dream is very 1D. Let alone paying taxes, “If they take one dollar off my wages, I’ll vote that bastard out!!” . We’re a very individually selfish people…

  • Turd Ferg@sh.itjust.works
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    6 months ago

    3 years and anon came up with enough to buy his own house in cash. Im thinking anon is a drug dealer or a very good prostitute.

    • Zibitee@lemmy.world
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      6 months ago

      I actually have an engineering friend who did this and he did it in 2 years. Dude had no life, but he put a full down payment on a 750k house in two years. So I guess technical jobs just pay well enough

      • Turd Ferg@sh.itjust.works
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        6 months ago

        Thats a down payment, anon bought that shit straight cash. You figure the average down payment is 20% so… 150K+ for your friend, thats no chump change either. Does he stay out late at night, maybe looks frazzled all the time?

        • DragonTypeWyvern@literature.cafe
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          6 months ago

          There are decent rural homes you can get for 200-300k within range of civilization in more places than you think

          There’s also still 100k-200k properties in cities if you don’t mind anything left on your porch being stolen

  • JohnDClay@sh.itjust.works
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    6 months ago

    Some people have nasty parents. Other people are lucky. If you can, it’s pretty great. Multi generation homes are common most places outside the US.

  • bier@feddit.nl
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    6 months ago

    Where do you live to be able to buy a house in cash after 3 years of working? Where I live the average appartment is about 400K euros and the average house is closer to 500K euros.

    Maybe you can find something for 250K if you really buy something small that needs lots of work. But you still need over 80K a year excluding taxes, probably closer to 120K before taxes.