Married and own a home by 30 years old in the US

tux@burningboard.net

I would say there's a similar picture in Germany.

tartley@fosstodon.org

@FluentInFinance apologies for cluelessness, but to be clear, does "own a home" mean taken out a mortgage, or paid off the mortgage?

zbrown@floss.social

@tartley @FluentInFinance I'd assume it's ignoring mortgage as a factor, and counting everything as ‘owning’ even if a lender owns the other 99% of the place, but indeed there is ambiguity

a_minion@mastodon.social

@GGMcBG @FluentInFinance It has squat to do with migrants. It's that giant vacuum that the Corporations and Reagan that sucks all the money as fast as they can. Those migrants gave more to our economy through SSA, state and local taxes without taking much but their wages. Those migrants do the jobs that citizens won't do. Corporations think we have a responsibility to them , they just forgot the responsibility they have to the worker. No one seems to be pushing them for that return on our Work.

loki@mastodon.green

@FluentInFinance don’t worry, in Europe it’s the same.

Nothing to worry about

schafstelze@don.linxx.net

@FluentInFinance I wouldn't combine marital status with real estate ownership; the decline of the first one isn't necessarily a bad thing.
Another caveat, if the idea is to demonstrate the decline of income by the decline of young couples with houses, there might be other, stronger reasons than economical ones why people don't buy houses and procreate right after school/uni anymore.

tommychristensen@social.vivaldi.net

@FluentInFinance yep.. all fine..

dougfir@m.ai6yr.org

@tartley @FluentInFinance
Considering only my parents and my situation, taken out a mortgage.
Now my grandmother was able to pay cash for a house in mid 1930s with a war bond her husband bought in early 20s.

semantikast@openbiblio.social

@Schafstelze @FluentInFinance Thank you! Was going to say the same -- certainly things are bad but both marriage and home ownership are concepts that could be questioned as the status quo to aspire to.

makja@mastodon.social

@FluentInFinance what are the statistics for singles who own a home? I know they are lower, but I'm curious how low

ggmcbg@mstdn.plus

@A_Minion

Neither of you understood a word I wrote.

The rich white snots, of the type the turned Austin into one giant Chili's restaurant bar starting in the 90s, are doing it here in Tucson now, starting in 2019. And they are primarily from Texas, California and Florida. And their entitlement influence in the local economy has forced over 70% of the people who lived here before, to struggle to be able to afford to still live here.

Was what I said.

tkissing@mastodon.social

@FluentInFinance The purpose is what the system is doing, namely concentrating power beyond the reach of democratic control.

hexgaard@mastodon.social

@FluentInFinance why is it important to own a home when you’re married?

cresssalad@mastodon.social

@FluentInFinance Less super rich / high net-worth people in the 50s, the pool of money is more dispreportionate in the current time, which means less net-worth people have less (and less cost effective) choice, less leverage in purchasing decisions, higher interest, higher and more variable fees, the list is endless when not in "the club" or is that a cartel? It does not always feel like free markets are working.

rasmus91@fosstodon.org

@zbrown @tartley @FluentInFinance there's still a vast difference between owning and renting;

You rent, that's money that's just gone every month. You have a mortgage: that's money you're saving up every month (minus the interest).

arildsen@mastodon.green

@Schafstelze @FluentInFinance exactly what I thought. Any numbers on not married and own a house?
You would at least need to separate the two to make an economic argument about it.

dozymoe@mastodon.social

@FluentInFinance how many have their pensions tied to the military industry

disorderlyf@todon.eu

@notyourfanboy @FluentInFinance I mean, even aggregated over the entire cat's lifetime, I suspect it's still orders of magnitude cheaper than a wedding and a mortgage.

disorderlyf@todon.eu

@FluentInFinance Curious how those numbers compare to, say, 1920-1950

corb_the_lesser@mastodon.social

@FluentInFinance Map that against wealth distribution upward since 1960.

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Married and own a home by 30 years old in the US