I bought my first home cash at age 34 last year. Of course it's an 18 foot, 14 year old trailer. But still I'm finally ahead of the curve
this post was submitted on 05 Nov 2025
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A Boring Dystopia
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Congratulations! To have a home secured with no debt is a lifetime goal few attain in this current cruel world!
I bought a home six years ago for cash. Unfortunately it is a used school bus and I can't actually live in it legally anywhere.
hey still -congrats!
the only reason i own my home outright at 45 is because: My wife died in 2011 and insurance payout covered the house. i could not buy my own home again. capitalism sucks.
I refuse to believe that anyone is buying homes
It's extremely hard. I bought a house by myself last year, but I had the fortune(?) of living rent free in a van for 3 years while I saved as hard as I could. I was also working 2 jobs, 7 days a week, earning about $145k a year. And it's one of the cheapest houses in the area, a relatively small block. Now I only work 6 days a week. The value of my house has already gone up by 18%, in one year that I've been here. It's madness.
Absolutely none of what you just said makes any sense… However, I’m glad that you’re finally in a home.
Was that your van parked down by the river?
I found it easy, just took a long time. UK has got a fairly good minimum wage though, £12.21/hour now. Think it's a little better than when I was saving (adjusted for inflation) too.
2 of us, got a semidetached bungalow for £230k on the south coast.
Corporations are buying up homes to rent them out or tear them down to build small condos to rent out.
Land is limited in America and it'll get worse. Before covid I didnt buy a 5 acre lot for $4k because it was out in the desert + wife was unsure of job opportunities. The same lot today is going for $20k.
A few people are, but the market has dropped like a rock over the past year. Several housing markets are seeing massive drops as post-COVID demand dried up.
While this is true, job opportunities for remote markets are drying up. Those markets in rural areas went big because everyone was working remote, and you can do that from anywhere with an Internet connection. Now that everyone is being forced into RTOing, people are selling those nice little rural homes to move back into apartments in the city, or else trying to find business opportunities or something out in the country.
Only reason I was able to buy a home in my mid-40s was my wife picking up the phone to inquire about Habitat for Humanity. Make the fucking call!
Worst case is you spend an hour at the introductory meeting and figure it won't work for you. Can't imagine many reasons it wouldn't, just put in the application.
Be glad to answer questions, but be aware, the program varies a bit by region.
I bought the cheapest one bedroom apartment I could find, it's not bad but now I'm in decades of debt.
I was looking at one of these a few years ago, a decent 1BR unit for $125K. I thought that was reasonable until I learned that the condo fee was $960 per month and that the building had hit owners with special assessments for about $10K each year for the three years prior. Like, I'm supposed to pay almost $2000 a month just to live in an apartment that I already bought?
I just bought an actual 2BR house for $140K and the cost of my taxes plus homeowners insurance comes to $400 a month.
I was thinking that was cheap but that must be American dollars right
Yeah, USD.
Same. My husband and I bought a small 2bdrm condo when we were 36. We will pay it off in 20 years, even though together we make 220k/year.