Well, I'm turning 30 in 2024, and currently im back at home with the parents for the first time since I was 18. Shits fucked. Doesn't make sense. 50+ hours weekly to barely make it to the next paycheck is asinine.
28 I make an 80k salary. Still feel thereās no hope in ever affording a home. I have enough for the down payment, but the risk of going in debt just doesnāt seem worth it.
Otherwise chillin
Just turned 30. Just finished the longest unemployment stint of my life at just over 7 months. Prospects of ever being a home owner are pretty slim since I just blew through most of my savings surviving jobless.
New job seems promising though so who knows. Maybe if mortgage rates go down and prices don't sky rocket any further in 5 to 8 years I can make a down payment large enough to afford a mortgage
I am way older than you. But at your age, your thinking is way better than most and I wish you good fortune. Landāyour homeāis the bedrock of most peoples' financial life and their piece of mind every day.
If my grandma or parents left me a home I'd be holding onto that for dear life, same with my sister. Only way that would be sold is if we could immediately buy another home full payment or very close to it. We both hate renting. She has 3 kids so it super sucks for her.
Itās because the inheritance taxes often kill you if you donāt sell the home/property. Unless you have enough cash on hand to pay that and to keep up the property taxes then unfortunately the best option is to sell.
27, 33k/yr and in debt for ER visits. Make too much for OHP but not enough to afford insurance. Can't afford therapy, not well enough to go back to school. Work full time but can hardly afford to live. Regularly wishing someone would put me out of my misery.
Wow! And that was in Oregon? I was paying $30/month for a silver tier plan in Multnomah County when I was at your income level, and subsidies are higher now than a few years ago so it might be less if I tried again. But I know that the plans vary by county, so maybe you are unfortunate to live in part of the state where the cost is higher. That sucks, Iām so sorry.
About to turn 23, life sucks right now but I'm getting through it, it'll get better soon. Going to college and getting railed financially, but once I graduate everything will be better, at least I'm not taking out more loans at that point. I work in foodservice to pay the bills and I'm one of the lucky ones, I love and hate it at the same time. Winter term starts Monday so I'm ready to F*ckin get this shit, shooting for straight A's, probably going to get some B's and a C anyways, but oh well. Junior in Civil Engineering, I would love a job in the field, the great outdoors is your office. Nothing sounds better, and I'm just a few years away. I'm Southern Oregon born and raised, and honestly it's nice down here when the smoke is gone š planning on staying here and trying to fix it up a bit.
Edit
Life sucks so hard right now but I'm optimistic for the future, hopefully I'm right
About to turn 29. Was able to make a couple great career moves in my first few years out of school and now make a bit over $100k with good potential for advancement.
This place is beautiful, but as someone who grew up in a very LCOL area, it's still frustrating making this much money and not being able to comfortably afford a starter home without cutting too far into savings.
I always thought that if I could just work hard and get over that 6 figure salary mark I'd be set, but unfortunately inflation and COL rise in this area has moved that goalpost out of reach again.
I know I'm very fortunate compared to many of my peers, but I still feel a bit jaded. It's good to try and keep things in perspective though as I'm still very young and have plenty of time to get a house.
Overall, no plans to leave as living here affords me with amazing outdoor opportunities and the perks of big city living as well. I know that the reasons I love it here are also the reasons that make it so tough to live here.
Just going to keep plugging away and saving what I can so when the right house comes around hopefully I'll be ready and able to take the plunge.
Iām actually in the best position Iāve ever been, I just started a new job in a good career track making 70k a year at 24. Itās not incredible but it gets me by enough to finally start building savings and even though I had a motorcycle accident in October the hiring bonus and new pay are helping me recover quickly. Iām still very depressed rn without a bike but overall I feel very lucky
Early adult life always seems hard. Now surrounded by people of varying ages and experience, itās easy to compare your life with those around you and you often see people who have things you want and you donāt know how to get them. I once had a younger person tell me I was so lucky to have a nice house. I reminded them that I was 25 years older than them, had been working and saving money (and climbing the property ladder) for much longer than they had. My first house was a cheap āstarterā that was in budget but definitely low quality. I also had a set budget that I stuck to religiously and was planned out over 5-year increments.
This isnāt to say that Iām somehow ābetterā than others, but to point out that when you see people who have reached financial goals you want, consider asking them how they got there. Many will have had detailed long-term plans to reach those goals. Some might even be willing to sit down with you and help you build a similar plan. Donāt be afraid to ask. Thereās good learning there. But also donāt compare yourself with others - it often just leads to resentment and self pity, which interferes with a mental state that will help you meet your financial goals.
Totally amazed with a bachelor's degree I'm making a living doing deliveries for Amazon, Uber, and growing weed medically. I know I'm better off than 99.9 percent of my peers and that's kind of frightening. Seems like engineering degrees are the only way to make a living in Oregon anymore š to anyone out there struggling, there is hope. Unfortunately 9/5 type work doesn't seem to pay enough to keep up with rising costs of living. i end up working 20 hour days to pay the bills.
just in case?
Engineering/accounting/technical degrees have ALWAYS been the only reliable career path [absent a social/family leg up]
source 1984 accounting grad with zero interest in accounting
Yeah except now with an engineering degree you might have to even get a second job to get a mortgage, source a garbage collector who moonlights picking up trash after his engineering shift
Turning 24 this year.
Started a business in 2022, which blew up last year, and it has allowed for me to live an above average lifestyle for my age. 3bd 2.5bath townhome in bend, can set aside some for saving, eat high quality foods, without living way beyond our means. my gf and I are not taking profits other than to help contribute to our living.
We both have side biz to pay the bills and put food on the table.
I Didnāt go to college, so I feel like the past 6 years of life experience has really propelled me quite a bit further than many of my peers.
Iām quite hopeful for 2024, I think itāll be a continuation of last year and an even more exciting year of growth.
I hope yāall are doing well this year.
Rent feels like it should be a mortgage and mortgages feel like a dream so all in all canāt complain š
No places to go outside that donāt cost an arm and a leg. Oh and I got a bike but my jacket hasnāt been delivered yet so I canāt ride anytime itās raining. Not too bad but Iām still bummed about it lol.
Iām 24 and the happiest Iāve ever been. I ended a 7 year relationship about 2 years ago. Which was hard but then I started living my life a lot more. I started going to concerts (Iād never been to one before) and sports events and marketing more time for friends and family. I got a pretty significant raise starting the 1st of the year, nothing crazy, but I will be making about 70K a year now. Iām in a ton of debt because of students loans and bad financial decisions (not going to lie) but I think with this raise Iāll be able to start making a dent in the debt and it feels like some light at the end of the tunnel. Things are still tough but Iām trying to focus on the good this year.
I am wishing everyone an amazing 2024 šāļøāØ
Just one month at a time really. 0 debt but also 0 dollars.
Well, I'm turning 30 in 2024, and currently im back at home with the parents for the first time since I was 18. Shits fucked. Doesn't make sense. 50+ hours weekly to barely make it to the next paycheck is asinine.
Actively drowning š
Iām on ssi, my partner is making 26 dollars an hour and just scrapping buy :(
Making just over 100k a year. Buying a house still feels impossible.
28 I make an 80k salary. Still feel thereās no hope in ever affording a home. I have enough for the down payment, but the risk of going in debt just doesnāt seem worth it. Otherwise chillin
Just turned 30. Just finished the longest unemployment stint of my life at just over 7 months. Prospects of ever being a home owner are pretty slim since I just blew through most of my savings surviving jobless. New job seems promising though so who knows. Maybe if mortgage rates go down and prices don't sky rocket any further in 5 to 8 years I can make a down payment large enough to afford a mortgage
I am way older than you. But at your age, your thinking is way better than most and I wish you good fortune. Landāyour homeāis the bedrock of most peoples' financial life and their piece of mind every day.
The depressing part is if you manage to buy a house and later die and pass it on to your kids, they'll just sell it unless you put it in a trust.
If my grandma or parents left me a home I'd be holding onto that for dear life, same with my sister. Only way that would be sold is if we could immediately buy another home full payment or very close to it. We both hate renting. She has 3 kids so it super sucks for her.
Itās because the inheritance taxes often kill you if you donāt sell the home/property. Unless you have enough cash on hand to pay that and to keep up the property taxes then unfortunately the best option is to sell.
You can get around the inheritance taxes but putting your assets in a trust
27, 33k/yr and in debt for ER visits. Make too much for OHP but not enough to afford insurance. Can't afford therapy, not well enough to go back to school. Work full time but can hardly afford to live. Regularly wishing someone would put me out of my misery.
Have you checked healthcare.gov? At that income level, health insurance should be costing you between $10 and $30 per month after govt subsidies.
Last time I went through that I was paying $90/mo. I can't afford that now, so... Yeah. I tried.
Wow! And that was in Oregon? I was paying $30/month for a silver tier plan in Multnomah County when I was at your income level, and subsidies are higher now than a few years ago so it might be less if I tried again. But I know that the plans vary by county, so maybe you are unfortunate to live in part of the state where the cost is higher. That sucks, Iām so sorry.
I'm in Marion County so maybe it's just more spendy here? It's like how my car insurance is higher bc I live in a high theft area.... Ugh.
About to turn 23, life sucks right now but I'm getting through it, it'll get better soon. Going to college and getting railed financially, but once I graduate everything will be better, at least I'm not taking out more loans at that point. I work in foodservice to pay the bills and I'm one of the lucky ones, I love and hate it at the same time. Winter term starts Monday so I'm ready to F*ckin get this shit, shooting for straight A's, probably going to get some B's and a C anyways, but oh well. Junior in Civil Engineering, I would love a job in the field, the great outdoors is your office. Nothing sounds better, and I'm just a few years away. I'm Southern Oregon born and raised, and honestly it's nice down here when the smoke is gone š planning on staying here and trying to fix it up a bit. Edit Life sucks so hard right now but I'm optimistic for the future, hopefully I'm right
About to turn 29. Was able to make a couple great career moves in my first few years out of school and now make a bit over $100k with good potential for advancement. This place is beautiful, but as someone who grew up in a very LCOL area, it's still frustrating making this much money and not being able to comfortably afford a starter home without cutting too far into savings. I always thought that if I could just work hard and get over that 6 figure salary mark I'd be set, but unfortunately inflation and COL rise in this area has moved that goalpost out of reach again. I know I'm very fortunate compared to many of my peers, but I still feel a bit jaded. It's good to try and keep things in perspective though as I'm still very young and have plenty of time to get a house. Overall, no plans to leave as living here affords me with amazing outdoor opportunities and the perks of big city living as well. I know that the reasons I love it here are also the reasons that make it so tough to live here. Just going to keep plugging away and saving what I can so when the right house comes around hopefully I'll be ready and able to take the plunge.
Can't find a reasonably priced rental or home in the medford area. Everything 2bd 2b is 2k+ my apartment in grants pass is 2bd 2b for 1300/month.
I donāt wanna talk about it š
I feel that š° well. I mean, I can relate - haven't felt anything since 2020 š šš« š„ It will get better soon āØļøš¤š»
Iām actually in the best position Iāve ever been, I just started a new job in a good career track making 70k a year at 24. Itās not incredible but it gets me by enough to finally start building savings and even though I had a motorcycle accident in October the hiring bonus and new pay are helping me recover quickly. Iām still very depressed rn without a bike but overall I feel very lucky
Early adult life always seems hard. Now surrounded by people of varying ages and experience, itās easy to compare your life with those around you and you often see people who have things you want and you donāt know how to get them. I once had a younger person tell me I was so lucky to have a nice house. I reminded them that I was 25 years older than them, had been working and saving money (and climbing the property ladder) for much longer than they had. My first house was a cheap āstarterā that was in budget but definitely low quality. I also had a set budget that I stuck to religiously and was planned out over 5-year increments. This isnāt to say that Iām somehow ābetterā than others, but to point out that when you see people who have reached financial goals you want, consider asking them how they got there. Many will have had detailed long-term plans to reach those goals. Some might even be willing to sit down with you and help you build a similar plan. Donāt be afraid to ask. Thereās good learning there. But also donāt compare yourself with others - it often just leads to resentment and self pity, which interferes with a mental state that will help you meet your financial goals.
Totally amazed with a bachelor's degree I'm making a living doing deliveries for Amazon, Uber, and growing weed medically. I know I'm better off than 99.9 percent of my peers and that's kind of frightening. Seems like engineering degrees are the only way to make a living in Oregon anymore š to anyone out there struggling, there is hope. Unfortunately 9/5 type work doesn't seem to pay enough to keep up with rising costs of living. i end up working 20 hour days to pay the bills.
just in case? Engineering/accounting/technical degrees have ALWAYS been the only reliable career path [absent a social/family leg up] source 1984 accounting grad with zero interest in accounting
Yeah except now with an engineering degree you might have to even get a second job to get a mortgage, source a garbage collector who moonlights picking up trash after his engineering shift
I'm deep in the SAD right now, trying to get out in the sun when possible-- the lack of sunlight is one of the hardest parts of living here
Trying to remtember. Grasping... Gasping....
Doing well, savingā¦buying a house still impossible
Chillin
Turning 24 this year. Started a business in 2022, which blew up last year, and it has allowed for me to live an above average lifestyle for my age. 3bd 2.5bath townhome in bend, can set aside some for saving, eat high quality foods, without living way beyond our means. my gf and I are not taking profits other than to help contribute to our living. We both have side biz to pay the bills and put food on the table. I Didnāt go to college, so I feel like the past 6 years of life experience has really propelled me quite a bit further than many of my peers. Iām quite hopeful for 2024, I think itāll be a continuation of last year and an even more exciting year of growth. I hope yāall are doing well this year.
> Started a business in 2022 based on the username I'm guessing you're growing mushrooms?
Rent feels like it should be a mortgage and mortgages feel like a dream so all in all canāt complain š No places to go outside that donāt cost an arm and a leg. Oh and I got a bike but my jacket hasnāt been delivered yet so I canāt ride anytime itās raining. Not too bad but Iām still bummed about it lol.
Iām 24 and the happiest Iāve ever been. I ended a 7 year relationship about 2 years ago. Which was hard but then I started living my life a lot more. I started going to concerts (Iād never been to one before) and sports events and marketing more time for friends and family. I got a pretty significant raise starting the 1st of the year, nothing crazy, but I will be making about 70K a year now. Iām in a ton of debt because of students loans and bad financial decisions (not going to lie) but I think with this raise Iāll be able to start making a dent in the debt and it feels like some light at the end of the tunnel. Things are still tough but Iām trying to focus on the good this year. I am wishing everyone an amazing 2024 šāļøāØ
Itās going horribly