this post was submitted on 23 Oct 2023
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That pretty much rules out anyone under 35 and single with current property prices.
Nearly all my friends who have bought property, did it as DINK couples, not on their lonesome. Hard to get the down payment together otherwise.
I'm on the approach to my 40s and most of the people I know my age are still renting. I was lucky enough to buy an abandoned property after the 08' crash for 30k, and that was only because I was able to secure a large personal loan from my credit union.
Even though I'm making a lot more money now, I don't think I'd be able to afford the neighborhood I'm currently living in based on how much it's appreciated over the last 10 years.