(Closed) Anyone in their 30s that still don't own a home?

posted 3 years ago in Home
Post # 2
Member
7038 posts
Busy Beekeeper
  • Wedding: September 2012

Daizy914 :  Plenty of people have no aspirations to own a home, or at the very least are not in a rush.

My brother bought his first house while he was still single. After getting married they continued to live in the house a few more years, before they relocated. They’ve been renting in their new area for over a year now, and the house just sold. I naturally assumed that since their house finally sold they’d be moving forward with buying in their new area and getting out of their rental. On the contrary my brother told me he thinks they will likely keep renting a while (maybe forever) because they enjoy that outside of rent it’s not their responsibility. Now part of that could also be a bit of resentment on how long it took his house to sell….but it was a very specific kind of house making it hard to sell to the average family. 

On the flip side Darling Husband and I were eager to buy because we like that we’re building equity in our property and not just paying someone else’s mortgage. Also, in my area rent is generally higher than a mortgage payment so financially it makes more sense. That being said owning a house is a lot of work with a lot of unexpected expenses. It’s certainly not something to rush into or take lightly. 

Post # 3
Member
4514 posts
Honey bee
  • Wedding: September 2012

Daizy914 :  Darling Husband is 31 and I am 30 – we still don’t own a home. We are finally renting a house instead of an apartment, but we live in the DMV and Darling Husband is in grad school – so it’s not in the cards yet. I think it will be eventually, but in the meantime, I’ve come to terms with the fact that it will be a few years, at least. I have a number of friends still renting – you would not be the odd ones out in my circle.

Post # 4
Member
510 posts
Busy bee
  • Wedding: April 2018

I’ll be 39 in 2 weeks…and I am NOT a homeowner 😄. 

I am also raising 3 kids in my lovely 3-bedroom APARTMENT for the last 9 years, before that we lived with my parents  (only had 1 kid at that time, lol).

For the last umpteen number of years I have had no aspirations to buy a home..everything is taken care of for you here at the complex.  A house is a TON of work. 

But, sadly, my family is growing up and too large to stay here, so next year or so Fiance and I will begin the hunt for a house that will fit our growing kids..and maybe some pets.

Kinda nervous.  Kinda feeling like it’s about time”.

Post # 7
Member
1298 posts
Bumble bee

I just bought my first home at 32. While I was married we saw no need to own a home as we were perfectly happy renting and wanted to put our money elsewhere. When I got divorced and had to move in with my parents I really started to think about what I wanted out of my life and decided that rent was getting out of control in my area and buying is the best, scarier but best option for me.

Everyone has their reasons for owning vs renting but you gotta do you. Other people aren’t the ones paying your bills. 

Post # 8
Member
511 posts
Busy bee

My brother is 31 and doesn’t own his own home, and he doesn’t have plans to either though he and his partner have a lot of money. My parents are pushing him to get a place but I say home ownership is not always for everyone so don’t feel bad. 

Post # 9
Member
2902 posts
Sugar bee
  • Wedding: June 2013

Daizy914 :  We just moved to SI, too! Staten Island is the new Brooklyn! Lol. Anyway, I think it’s really normal not to own a home in your thirties in NYC. It’s a tough market for sure! If it helps your anxiety, our buying process was fairly smooth. But you are definitely not alone in renting in your thirties, especially here!

Post # 10
Member
1378 posts
Bumble bee

We don’t own either. The Canadian housing market is WAY over valued and I fear we may have a bubble situation (according to many experts). We’ve decided we’ll invest for now and keep renting, debt free. Lots of amazing large rental units in our city which will give us the feeling of living in a home without the hassle of home ownership.

That being said, lots of our friends have purchased very expensive, small homes and are nearly a million in debt.

Post # 12
Member
568 posts
Busy bee
  • Wedding: December 2016

Another Canadian here…. houses are just WAAAAAY too expensive (Vancouver and Toronto are especially bad)  I believe that in Vancouver, almost 80% of your income is mortgage and house costs!!!!  Typical advice is 30% :O 

Toronto’s rapid house price growth saw no letup in June, with the average selling price of properties in the GTA up 16.8 per cent over the past year, the Toronto Real Estate Board (TREB) reported.

Single-family homes in the city of Toronto hit another record — the average price is now $1.26 million, up 19.6 per cent in a year. Prices grew even faster in the suburban 905 region, up 21 per cent to $892,747 for detached homes.”  

The average downpayment on a single family home is edging towards $100k in Toronto…. totally impossible for us to achieve right now.  

I’m 35 and so is my Fiance. 

Post # 13
Member
1430 posts
Bumble bee
  • Wedding: November 2016

KatieBklyn :   Daizy914 :  small world! I grew up on Staten Island! In Eltingville, my family is still there. I’m now on Long Island and rent an apt with my Fiance (I’m 33, not even close to home ownership yet). Hopefully after the wedding we can start saving towards that. 

Post # 14
Member
49 posts
Newbee
  • Wedding: October 2017

I just turned 35 and don’t own a home.  My job provides housing, so for the time being it is not a huge priority.

My sister bought her first home at at 36.  I think with the economy and housing market some people are just waiting longer.  Do what works for you.

Post # 15
Hostess
8723 posts
Bumble Beekeeper
  • Wedding: Dorset, UK

Daizy914 :  I am 31 – I am single, I live with a friend, I work 2 jobs and rent is so high I will never be able to save anything for a house any time soon, it used to really get me down but I decided to stop caring.

 

Renting sucks, but I have a roof over my head. Maybe one day I will be in the positon to save with someone to buy a house but as it stands, I could never afford it on my own so I am just not going to worry about it!

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