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this post was submitted on 11 Aug 2023
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Asklemmy
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“You can buy a house with your own money” someone told me when I was a kid.
Last week I calculated that if I save every penny and dont spend a thing for the next 47 years I might have just enough to get myself a small house (hoping of course that inflation doesn’t happen otherwise it would be a shame to save +500.000 euro 😂)
They didn't say where though. I bet in some country you can buy a house for less than 10k
Yeah, I recently bought my own house. I had to move to a rural area 2000 miles away from all my family and friends. But I did it.
Congrats! Did you do it with your own money? (So no borrowing! Not that that is bad)
Well, I borrowed from the bank. But I think just about everyone does that. Other than that, no money borrowed. My parents paid for my college 100%, which gave me a huge headstart in life, as I didn't need to pay off any student loans. After college I got a job at a startup, which gave me a bunch of stock, and then we sold the company, which gave me a really nice payday. My down payment and moving costs were entirely funded by that.
So it was a mix of luck between having parents that could pay for my college, luck getting a job at a company that sold, and then moving to a less expensive area. Of course, I don't want to downplay how hard I worked in college and at the startup to put myself in a situation where I could get lucky.