I've lived here my whole life though

Lowkey kinda like Florida but don't know if I could be so far away from my fam

I don’t think you should be buying a house with only 30k in your bank account while making around $3k a month

Unless you want to move to Montana or something.

do you plan on moving out to any where else in the next 5-10 years?

if so, don't buy. buying property when you plan on not staying there is a bad move. lot of people just say "rent it out" but trust me, it's never that simple lmao.

I see. Guess I'll be renting a while more, just gotta go harder I suppose

Really don't want to move back home, and a roomate would be a nice little help but s*** is hard to find someone financially responsible & not a slob

buying a house comes with a lot of bullshit even if you buy it to rent it out, like a few people I know. you should only do it if you have both the time and the money to do it

Don’t forget homeowners fees and them telling you how much your house needs to be perfect.

F*** a house, buy some land OP

landandfarm.com

yeah, don't get me wrong it's definitely a cool job but it can be difficult to have everything be on you you get me

tbh I've always heard buying land is wavy but that is something I'll need to educate myself on in terms of what the actual benefits are

learned alot about investing in things like crypto, an IRA etc. but I don't fully understand the land thing yet

seems like the overall consensus is I just need to focus on getting my bread up rn

Equating rent to throwing away money is a very old mentality and illogical.

There are many situations where buying is more financially beneficial, but also situations where rent is.

Currently, housing markets are at near all time highs in terms of prices. Think of it like the stock market. You want to enter at a price that is closer to the average or lower, if possible. The housing market will not continue to go up forever without dips. Be patient and keep looking for something that fits your lifestyle needs and budget.

Buying just to own a home and get rid of rent is never the best decision. Technically, the bank owns the home until you pay off the loan - important to remember.

Thanks for the very thorough explanation!

So to observe the highs and lows of the housing market, are there charts / other indicators I could be looking at?

i do not know of any tools that are better than others. zillow will surely have something, otherwise you can google around. there may be some resources for your local housing market through government websites - try googling your city + "property lookup"

there may be some tools there

Legit question: Would someone even be approved to buy a home in California with a yearly income of $36k~?

300k will get you a 1 bedroom

Always buy a house

Only people leaving are the trumpets

My brother in law did straight out of college at around the same age too. We're in Texas though so the housing market is a little more cheaper lol

If you got the money for it saved and stable income I would do it because renting isnt worth it in the long run OP

You can also buy a house with an outdoor shed/building and rent it out. And rent out the garage if you have one.
People will be willing to pay $800+

If you're not gonna make money off the house/property, I don't see the need for you to purchase now.

The house you live in is going to be the house that is the least profitable for you. It's not gonna pay you.

If you do decide to buy a property, I would recommend buying a multi unit home and rent out spaces to make profit. I would recommend a minimum of a 4-family housing property if you have to start purchasing property now.

If you have to purchase a property to live in and a multiplex isn't an option, a trailer is probably the most reasonable option.

Here's a 5-minute vid that deals a little bit with your question, @op

Full interview below:

Hell no.

In 2007 maybe

OP you have no money. Don’t buy a house.