No bank would ever give me a mortgage that high on a single income, and no amount that I can save would ever cover the non-stop increase of property prices year on year.
Don’t buy a median house or move somewhere else then.
Here I often hear of people move to London “for the jobs” complaining they can’t afford a house and they are working retail. Just move, you can get a retail job anywhere.
I earn about the same amount a retail job would pay, I just have WFH. If I lost WFH which I might be then those retail jobs start to look tempting because a commute of 15 mins walking a day is better than 5 hours on trains and ferries.
Honestly it sounds like you’re in Europe somewhere?
I’m in Australia, we have no population to support living outside of the few cities that you cannot afford to live in unless you live hours out of the city via P/T or car.
An emergency fund for emergencies. Save up for new tires for your car when they go flat on the highway. Medical bills for when you get injured and put out of work for a week. For when your water main gets clogged from all that bacon grease you pour down the sink, and you have to pay $2,000 to get the pipes dug up and cleaned out.
Save for a better future where you can own a house and some land. Save up to travel somewhere you’ve never been so you can learn about a different culture and better help how you think about the world. There’s an endless list of beneficial things you can do with money if you actually save it up instead of short-sightedly spending every paycheck you get right as it hits your bank account.
Never gonna afford anything worth saving for so might as well spend each paycheque.
Wrong. I saved up for a house deposit and bought one a couple of years.
Yeah the median house price is $1M where I am.
No bank would ever give me a mortgage that high on a single income, and no amount that I can save would ever cover the non-stop increase of property prices year on year.
Don’t buy a median house or move somewhere else then.
Here I often hear of people move to London “for the jobs” complaining they can’t afford a house and they are working retail. Just move, you can get a retail job anywhere.
So what live a 3 hour drive from my workplace?
A retail job won’t afford me a bloody house and there’s like 4 cities in the whole country that you might find a job in.
I earn about the same amount a retail job would pay, I just have WFH. If I lost WFH which I might be then those retail jobs start to look tempting because a commute of 15 mins walking a day is better than 5 hours on trains and ferries.
Honestly it sounds like you’re in Europe somewhere?
I’m in Australia, we have no population to support living outside of the few cities that you cannot afford to live in unless you live hours out of the city via P/T or car.
For some reason I imagine Caleb Hammer screaming a response to this.
https://youtube.com/shorts/9zg9kzdSLYQ
Lol the caption said Caleb humbled that guest, but she definitely didn’t give a fuck.
Terrible mindset and straight up wrong. Start saving money.
To buy what?
An emergency fund for emergencies. Save up for new tires for your car when they go flat on the highway. Medical bills for when you get injured and put out of work for a week. For when your water main gets clogged from all that bacon grease you pour down the sink, and you have to pay $2,000 to get the pipes dug up and cleaned out.
Save for a better future where you can own a house and some land. Save up to travel somewhere you’ve never been so you can learn about a different culture and better help how you think about the world. There’s an endless list of beneficial things you can do with money if you actually save it up instead of short-sightedly spending every paycheck you get right as it hits your bank account.