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

[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.

[muz4now@mastodon.world]

@FluentInFinance Ouch. What's the source for these statistics?

[nikxxx@mastodon.social]

@FluentInFinance речь именно про частный дом? Или про любое жилье? Я так понимаю невыплаченные кредиты тоже входят в эти 12%, сколько из этих 12% потеряют жилье из-за кризиса и невозможности выплатить кредит? Если про дом, то 12% это еще не так печально, в РФ думаю все куда хуже.

[promovicz@chaos.social]

@FluentInFinance Can you state a source?

[lritter@mastodon.gamedev.place]

@promovicz @FluentInFinance +1 source would be appreciated

[jordgubben@mastodon.gamedev.place]

@FluentInFinance Do the two properties also behave the same when observed separately? Is it home ownership or marriage that is pulling the numbers down? Or do they correlate?

Asking since home ownership is mainly an economic consideration, while marriage is arguably more of a culture/lifestyle thing.

[keithmann@mastodon.online]

@FluentInFinance In terms of marriage and home ownership, I (b. late 1960s) followed the same trajectory as my parents (b. mid-late 1930s), but about 10 years later. They were married around age 20 and bought a home around age 25; I was married around age 30 and bought a home around age 35.

[nettings@mastodon.social]

@FluentInFinance Can I see "own a home" without the relationship model predefined? Because I'm interested i n the economic aspect, not the marietal one...

[fellmoon@bsd.network]

@FluentInFinance a few weeka ago I saw this on linkedin, compared to the "median starter home size" & that is imho relevant part if the equation...

https://www.builderscapital.com/blog/starter-homes

Not saying the US is not fucked but also expectations & market availability of homes of a certain size are part of the equation...

[oddhack@mstdn.social]

@raphaelmorgan @FluentInFinance I'd throw in that marriage is a net negative for women in many respects, especially marriage to Nazis, er, TradHubs. And the economic driver of requiring a husband to "support" them has evaporated. Not getting married is probably a very rational decision for most women.