"Good" Job and I still cannot afford a house

Why would your parents charge you rent?

To make you learn you must pay for housing, no matter where it is. I am guessing it was a condition the parents put on the adult son to move back home with Mommie and Daddy. OP does make $80k/year.

An awful lot of this is want it all/want it now. The first house I ever bought cost me 70K in 1995 on combined $35K income. We had to renovate the entire place, it took two years. We lived small, did it, and hardly broke even.

Just bought a 900K house completely with equity from the six houses I've had between then and now. The world is the same now as it was then. Problem is, you want too much now.

I can't believe how many apologists are out there, suggesting that you should need to save for 15 years, have two incomes, work 80 hours a week and spend 50% of your income on a house. Of course, they will also slip in how very dedicated and successful they are as well, just so you know its YOUR FAULT.

Well no, greed and the US system is to blame. This just isn't about "can't afford a house", the ramifications of our tax systems, school system, wage base, health system are all ingredients. Each generation it becomes harder and harder to make ends meet, but wit social media all you see is everyone posing like they "made it", when in reality, most haven't made it anywhere but a hole of debt. Have fun working until 72!

Here's an example right now. Why don't you try RIGHT NOW to go from a 35k salary as a 25 year old to ANY house. Go on. Because the sad fact is, lots of people are stuck at 35k RIGHT NOW and not 30 years ago. You people are so blind, it is not the same. Do you not see the data on inflation, cost of goods versus adjusted income? They are not parallel.

You do know there are $100K houses all over this country right now, and a lot of jobs allow you to work remote? I couldn't do that 30 years ago. Could I buy one of the below houses on a 35K salary? Yes, I could. Lay off the daily latte, avo toast, stop buying the new iPhone every time it comes out, stop Door Dashing, cancel streaming services.

1220 N 7th St, Burlington, IA 52601

1540 W A St, Torrington, WY 82240

Someone making $17/hour should not have the expectations of being in the position to purchase a home today, absent trying to go through Habitat for Humanity or some other similar organization.

I am seeing many vacation RV parks turning into permanent residents from upstate NY to South Florida.

this is the asinine bullsh*t right here.....problem is that where i live its like 500k for a 1970s trailer, or maybe that one got sold. 250-300k was like 10yrs ago.

"get married", me and my wife combine for 96k, 1a little over 100k with overtime and bonuses.

sorry that isnt enough to get a piece of sh*t fixer upper listed for 678k. for a while there i was hoping jamin was right and the housing would crash, but not in my town. for a few weeks this summer things were dropping 10k a week then fall came and flatlined, and now spring they are coming back up.....like wtf? so many are 20-30s hipster douchebags who also drive around a 75k sprinter van....like where do all these people get their money and not have to have a job?

So what you're saying, is that a full time, adult worker, should not expect to be able to afford a residence? Because you know, rental average is higher than mortgage average. And the other fellow...you think remote jobs "grow on trees"? Only specific industries allow it, and even those are starting to be rolled back in places. I guess if you weren't lucky enough to be born on the coast 30 or more years ago, you shouldn't have a right to live anywhere.

You got that right, but no one else should, right?

We can never fix problems when most people do not want to recognize there is a problem. It is the absolute downfall of the US and we are the generations that get to witness it.

Correct, at $17/hour you should not have false hopes of buying a home on that level of income. Should focus on improving your income level first.

As others have said, you incorrectly calculated the 28% based on net rather than gross.

I have a 26 year old nephew that makes about what you do and also lives in a town of 25K in the midwest. He bought a duplex. He lives in one unit and rents the other unit out with the rent covering his mortgage.

It sounds like you've done great for yourself, so you should be proud. With that said, the fact that you have to cherry pick a random property in Wyoming demonstrates the point that the OP is making. Not everyone has the flexibility to get a remote job, or just up and move anywhere in the country (even if that was a personal luxury you had) 30 years ago.

another sad reality where i live, ten years ago you could get a lot for 20k, now they are going for 180-200k....FOR A LOT

or this fact.....if i was to search far and wide to find a house i could afford, it would be in some sh*t hole part of the country, with no good jobs, and then the cost of moving. everyone i know in my age group that has a house, mommy and daddy dropped 40-50% down, and they still are paying like 2000 mortgage and act just like you "i dont know why you dont just buy a house it wasnt that hard" oh and these same people if they went to college mommy and daddy payed for it as well, and theie car and their phone. them and you live in a delusional world where people like me must be dumb or lazy, and cant fathom that they got helped substantially throughout their life by family.

I get it. You want a view of the sound in Portland, NOW.

Dude, buy a home. Why? You can build equity; you're essentially investing in your future. As you may have (not yet) noticed, when you rent, you're at the mercy of your landlord. They can raise your rent, decide not to renew your lease, or even sell the property out from under you. When you own your own home, you're in control of your own destiny. You can make changes to the property as you see fit, and you don't have to worry about being evicted. Also, when you rent, you're never really sure if you're going to be able to stay in the property long-term. When you own your own home, you can be sure that you'll have a place to live for years to come. This can be a great source of stability and security. Good luck!

My son bought a $340k condo this year. He is 26.

If you make a $100K in a place where a lousy house costs $678K, you need to move.