Many states have first-time homebuyers programs that will absolutely shunt the issue of transitioning to Rent/homebuying. Most people are too lazy or stupid to take the initiative though. Every person I have talked to about renting vs home owning has always managed to make excuses why they can't do something, instead of working to make it happen. It's daunting as fuck, for sure - but it's possible if you scrimp and do without for a while. That short-term of doing without, ultimately ends up with you paying into something you OWN. You're building your personal equity with a house, and many people will argue against that because of learned helplessness.

[–] aeiou_ckr@lemmy.world 6 points 5 days ago (3 children)

I would point to demoralized instead of lazy or stupid. If you talk to a lender they will immediately tell you about the programs as it’s in their interest for you to buy a home. A coworker and myself are military vets which lets us do the VA program. Even the finding a house to buy that isn’t paid for with cash 5-10% over asking is a nightmare. I lost 8 bids the first year trying. Also the prices for an home are just absolutely insane as starter homes don’t really exist anymore. New construction is focusing on McMansions and any 2 bedroom home is built in a 55+ community. Now I’m just venting.

Congratulations OP on the home. I hope to be in your shoes before I retire.

[–] inv3r510n@lemmy.world 1 points 4 days ago (1 children)

You know as soon as us millennials hit 55 they’ll make those communities 70+

[–] aeiou_ckr@lemmy.world 2 points 4 days ago

😢 don’t jinx us like that.

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