how to buy a house

[liasbaa]

do you own a house? in a time where it seems like it is almost impossible to own a house unless you are earning huge amounts i notice that young people often go for apartments instead of actually owning land and a house

can a middle class citizen still afford to buy a house or do they really have to earn ridiculous amount of money in order to buy one?

A middle class person can buy a house if they live a modest life. If you are not financially capable as a family, then it will be very difficult to be financially capable. Many families do not have the ability to meet their basic needs and need money to educate their children. Due to that financial inability, they are deprived of educational opportunities, as a result of which they cannot acquire skills and become poor.
It is believed that if someone has talent and works hard, he can improve his financial condition. Buying a house to live in the city requires a lot of money. It is almost impossible to buy a house based on only one income. With financial support and income from the family, you can achieve the ability to buy a house.

[Itz-prisigold]

You’re right, right now an apartment is a more affordable option for young families. A good house can cost several times more, and for young people who aren’t yet financially secure, it can seem almost unattainable. Taking out a mortgage and paying it off for half your life doesn’t always feel like the wisest decision either. If you really want to live in a house, I think it makes sense to save up some money first and try renting a house to see whether you actually enjoy that lifestyle. Live in both an apartment and a house, compare the experience and only then decide whether you truly need a house or whether an apartment is more than enough for you.

I would also say that it depends on the opportunity cost. Some people stretch themselves just to point out that they have a house and they will now end up slowing down others goals in their life, other goals like starting a business,  investing, or even moving to another city for a better opportunities. For me, if purchasing a house limits my personal growth and flexibility, then it might not be the right move yet.

I also think it comes down to how you personally see owning a property,  because some people see it as a long term asset and others just see it as a way to have some stability.  So now my question is not just  “Can I afford it?”  but also,  " is this decision that I am making going to make my financial life better in the long run?”

Personally,  I don't like rushing myself to do things just because of pressure or age.  Having your personal space is a good thing and a great achievement,  but it should match your income stability and long-term plans not just you trying to  please the  society.

[HyperCodexV]

do you own a house? in a time where it seems like it is almost impossible to own a house unless you are earning huge amounts i notice that young people often go for apartments instead of actually owning land and a house

can a middle class citizen still afford to buy a house or do they really have to earn ridiculous amount of money in order to buy one?

I think everyone can own a house, it just depends on the process at which you struggle to get it and also the kind of environment which you will like to stay. If a very struggling lad out there face the reality of living and spending within there means, then almost everyone will have enough to spare and save for purchasing a very affordable house that can be in their own name.