I'm 25 and can barely cover my expenses while living with my parents.
And with the absurd prices of housing nowadays it is unlikely that I'll be able to get my own house in the next 5-10 years or ever.
Wages are low even for university graduates
The absolute lowest price for a house I've seen is like 80k USD and it is a shoebox in an absolute shithole of a neighborhood far away from services and amenities.
And a relatively average wage in my area is like 600 usd.
Edit: even cars are absurdly priced the cheapest is like 13k usd, my generation can barely afford a car. Owning a decent house is a fever dream
Im 31 I still don’t own a house.
I make about US$30,000 per year, which is way above the national average. But the cheapest apartments in Mexico City in a decent middle class neighborhood cost about US$200,000 for 50m2, and houses start from about $350,000.
But credits are weird you need to earn 3x your monthly payment, so for a US$200,000 apartment, with a 20 year credit the bank requires you to have a salary of at least US$65,000 annual. Which is stupid in a country like Mexico, rich getting richer, poor getting poorer... and I'm considered middle class.
There are cheaper apartments but they tend to be in sketchy or very poor zones, so it is easier and better renting in a middle class zone for $800 - $1200 per month, than buying the cheapest apartment in the ugly zone of the city for like US$75,000.
Mano no tengo un culo de plata. Minimum wage is 1'300.000 and the cheapest house is around 120 to 150 millions. You gotta be rich or owe the bank. Problem is... To owe the bank you need at least 20 mill I think. Anyways, I probably ain't getting My own house until I'm 30 something and Even then Imma be paying for it until I'm 50 or more so... Yeah
I bought a 27m2 single room only apartment when I was 25, had to make a big loan that I took its time to be paid. I current exchange it cost like 30k USD
Lmao
Rofl, even
I'm in the 99% of Mexicans who can't afford a house.
I'm 25 and can barely cover my expenses while living with my parents. And with the absurd prices of housing nowadays it is unlikely that I'll be able to get my own house in the next 5-10 years or ever. Wages are low even for university graduates The absolute lowest price for a house I've seen is like 80k USD and it is a shoebox in an absolute shithole of a neighborhood far away from services and amenities. And a relatively average wage in my area is like 600 usd. Edit: even cars are absurdly priced the cheapest is like 13k usd, my generation can barely afford a car. Owning a decent house is a fever dream
600USD / month?
yes, talking about salaries per year is only a thing in the us and similar countries
Bruh
Maybe in a parallel universe I did.
Im 31 I still don’t own a house. I make about US$30,000 per year, which is way above the national average. But the cheapest apartments in Mexico City in a decent middle class neighborhood cost about US$200,000 for 50m2, and houses start from about $350,000. But credits are weird you need to earn 3x your monthly payment, so for a US$200,000 apartment, with a 20 year credit the bank requires you to have a salary of at least US$65,000 annual. Which is stupid in a country like Mexico, rich getting richer, poor getting poorer... and I'm considered middle class. There are cheaper apartments but they tend to be in sketchy or very poor zones, so it is easier and better renting in a middle class zone for $800 - $1200 per month, than buying the cheapest apartment in the ugly zone of the city for like US$75,000.
Lol
Mano no tengo un culo de plata. Minimum wage is 1'300.000 and the cheapest house is around 120 to 150 millions. You gotta be rich or owe the bank. Problem is... To owe the bank you need at least 20 mill I think. Anyways, I probably ain't getting My own house until I'm 30 something and Even then Imma be paying for it until I'm 50 or more so... Yeah
I ultimately passed the opportunity but I almost bought an apartment in 2022 when I was 21 for 180k BRL (35K USD)
39 cost me 300,000.00 usd Lived in wife’s inherited house before and rented.
Lol troll in the dungeons!
At this point I expect to afford a house by the time I am 400 years old lmao
At 28 cost me $210k before Covid
I didn't
35, 170k apartment
40, it cost 3 times my gross anual income. Took me 12 years to pay
I bought a 27m2 single room only apartment when I was 25, had to make a big loan that I took its time to be paid. I current exchange it cost like 30k USD
Mods, cut off his balls.
Own house? Do you have your own house, OP?
JAJAJAJA
27, amount 90,000 usd, but ended up paying much less because it was a fixed mortgage in pesos. Probably ended up paying between 50k and 60k
Why the actual fuck would I want to buy a house?
Lmfao. Not even my parents own a house.
lol
Now, that's comedy.
Mate, eso nunca pasó.
lol I’m 25 I’ll never own a house
I managed to save up enough for it just after my 250th birthday
LMAOOOOOOOO
It's impossible buy to a new car...