how to buy a house

[Issa56]

With the current situation and cost living, to buy a house in this country won't be easy especially with some salaries earner with low income without no other sources of income. The minimum wages can't even feed a family talk more of buying a house, some people have been living in someone house as a tenant for many years not that they don't have plans of buying or building their own house but due to economic hardships they can't afford buying a house.

If you are in a country that your minimum wages cant feed your family, then you don’t have to depend on only a job for survival, at least get some other jobs maybe part time jobs which is going to assist you. If your salary cant feed your family, then I feel it doesn’t worth it, because you just going to be working, and you won’t be able to achieve anything, you won’t even be able to eat well.

Getting a house is now kind of difficult in most countries, and if you are not earning a decent amount, it’s going to take a long time before you will be able to get one. Most people that are not earning so much in my country here are always building their houses gradually. Whenever they having some money, they just end up spending it on the building, and they going to be building it gradually, normally it do take them years before they will be able to complete the build.

[Unknown Op]

With the current situation and cost living, to buy a house in this country won't be easy especially with some salaries earner with low income without no other sources of income. The minimum wages can't even feed a family talk more of buying a house, some people have been living in someone house as a tenant for many years not that they don't have plans of buying or building their own house but due to economic hardships they can't afford buying a house.

If you are in a country that your minimum wages cant feed your family, then you don’t have to depend on only a job for survival, at least get some other jobs maybe part time jobs which is going to assist you. If your salary cant feed your family, then I feel it doesn’t worth it, because you just going to be working, and you won’t be able to achieve anything, you won’t even be able to eat well.

Getting a house is now kind of difficult in most countries, and if you are not earning a decent amount, it’s going to take a long time before you will be able to get one. Most people that are not earning so much in my country here are always building their houses gradually. Whenever they having some money, they just end up spending it on the building, and they going to be building it gradually, normally it do take them years before they will be able to complete the build.

Middle class people have only salary to which they depends and they want to buy a luxury home but that is out of reach to him . They are saving their money because saving will make them wealthy in the future. If people are saving at least 20 percent of their income they will be able to buy a house after 10 years and they have another option to buy a house with down payment and Bank can give them loan and after that they will return money to the bank . If you spouse is also earning that will be best for you because you can easily achieve you goal and burden will be on the shoulder of both partners and they will easily manage the expenses. Buying a house is a big challenge but they should be patient if you want to stay happy in the life.

[ZAINmalik75]

Middle class people have only salary to which they depends and they want to buy a luxury home but that is out of reach to him . They are saving their money because saving will make them wealthy in the future. If people are saving at least 20 percent of their income they will be able to buy a house after 10 years and they have another option to buy a house with down payment and Bank can give them loan and after that they will return money to the bank . If you spouse is also earning that will be best for you because you can easily achieve you goal and burden will be on the shoulder of both partners and they will easily manage the expenses. Buying a house is a big challenge but they should be patient if you want to stay happy in the life.

Sorry, but I quite disagree with some of the things you mentioned, especially the one about people getting wealthy in the future if they save money, because as far as I know, someone who is employed can barely be able to save money in the current times, and even if they manage to save some, they would surely not get rich or wealthy only because of the savings, but they can surely serve as emergency funds or funds they can use to make some investments or maybe start a low or mid-range business.

Also, you said that if someone keeps saving 20% of their income every month, they will be able to buy a house in 10 years, but I wonder why we are not thinking about how the prices of properties won't be the same after 10 years, which means that if a house costs $100k right now, it will most probably be worth $300k or even more after a decade or so, which is why, if someone plans to save enough to buy a house based on the price of the current times will not be able to do it.

[Byebyebtc]

Well in my country a middle class individual can own a house but it will take years of building or saving to get a standard house

But I ll tell you, to survive on This earth you can be a middle class individual, but to live you have to be higher than a middle class, most people just survive they don't get to live the life.
You still have a chance to hustle to afford living well on this earth.

[DrBeer]

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?

Building your own home is a rather unique decision. At one point, I, too, was swept up in this desire and bought a plot of land outside Kyiv to build a house-even though I already owned an apartment. Setting aside the cost of construction—which, when using high-quality building materials, isn’t exactly a "cheap pleasure"-there’s another "financial trap".
If you build a simple,or rather, primitive,house, it will be cheap, but it won’t be comfortable and will amount to little more than "a roof over your head". If you build a high-quality, well-thought-out, functional, and technologically advanced home, the cost of maintaining and servicing it will be high.
Plumbing, sewage, irrigation, an off-grid power system, air conditioning and heating, and so on-all of these work without problems for several years after the house is built, provided they’re done right. Then they all start requiring maintenance, and that’s not exactly a cheap endeavor.
And what about the property grounds? Lawns, trees, an orchard, a barbecue area... In short, owning a high-quality house entails significantly higher regular expenses compared to a high-quality apartment.
 

[bakasabo]

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?

Building your own home is a rather unique decision. At one point, I, too, was swept up in this desire and bought a plot of land outside Kyiv to build a house-even though I already owned an apartment. Setting aside the cost of construction—which, when using high-quality building materials, isn’t exactly a "cheap pleasure"-there’s another "financial trap".
If you build a simple,or rather, primitive,house, it will be cheap, but it won’t be comfortable and will amount to little more than "a roof over your head". If you build a high-quality, well-thought-out, functional, and technologically advanced home, the cost of maintaining and servicing it will be high.
Plumbing, sewage, irrigation, an off-grid power system, air conditioning and heating, and so on-all of these work without problems for several years after the house is built, provided they’re done right. Then they all start requiring maintenance, and that’s not exactly a cheap endeavor.
And what about the property grounds? Lawns, trees, an orchard, a barbecue area... In short, owning a high-quality house entails significantly higher regular expenses compared to a high-quality apartment.
 

That is what I have been trying to say in this topic or topic with similar idea about owning a house. It sounds easy until you become an owner. Owning a house require solving minor and major issues constantly. If you own a house there is always something to do to maintenance, whether it is house or territory. If you think there is nothing else to do, then your second half always have ideas what to change, improve or add. I have also heard such saying, that "building your first house is building house for an enemy. Only second or third house you build for yourself". First build house is always an experience that contains multiple mistakes both in building, technology and design. If a person is not ready to dedicate a lot of time to go deep in technology of building, materials, controlling all the process and etc, it is not worth even thinking about building a house.

[Youngrebel]

That is what I have been trying to say in this topic or topic with similar idea about owning a house. It sounds easy until you become an owner. Owning a house require solving minor and major issues constantly. If you own a house there is always something to do to maintenance, whether it is house or territory. If you think there is nothing else to do, then your second half always have ideas what to change, improve or add. I have also heard such saying, that "building your first house is building house for an enemy. Only second or third house you build for yourself". First build house is always an experience that contains multiple mistakes both in building, technology and design. If a person is not ready to dedicate a lot of time to go deep in technology of building, materials, controlling all the process and etc, it is not worth even thinking about building a house.

So many of us are actually concerned about the achievement of owning a house without having a better understanding of the responsibility that comes with it, owning w house is good and it’s the best but the moment you become a house owner, maintenance becomes one of your priorities and there is always something that needs repair, replacement, upgrading, no matter how new the house is you can’t avoid this things, cause starting up a house project or building a house is not just about having enough money to start it also requires time and good planning and you also need to understand more about building materials so you won’t get cheated. For some people, buying a house thats already built is better than starting from scratch.

[Alonso_]

There are different scenarios here, there are people who are trying to survive everywhere, and I don’t think it’s everyone that can afford to buy a house, most especially when you don’t have a source of income, and stable source of income, in part of Africa there are people who would prefer to build a house, where they can be paying for means of building the house, knowing the quantities of things that would be needed and there are also people who would prefer to buy a house, and leave the stress of building a house, but in Nigeria to build or boy a house are for people who have a good source of income, and most especially the rich are people who are able to buy a house or build a house, the economy is very bad for people.

[Mame89]

Well in my country a middle class individual can own a house but it will take years of building or saving to get a standard house

But I ll tell you, to survive on This earth you can be a middle class individual, but to live you have to be higher than a middle class, most people just survive they don't get to live the life.
You still have a chance to hustle to afford living well on this earth.

This also happens in my country. Owning a house or building one takes years especially for the middle class because owning a home is quite expensive. Buying a house outright is also expensive and building a house from scratch is no different. For example, for those working as civil servants most of them have to take out bank loans with a term of up to ten years before they can be fully paid off.

So, what you're saying makes perfect sense. These people can survive on what's left of their salary after bank loan deductions, but they can't enjoy life because they're short of money every month. They may own a house but they can't enjoy life.

We live in an era where anything is expensive especially buying a house or building one. This is where we need a good mindset about finances if we have a house then we cannot enjoy life, it is better to sit in a rented house and then the money that should be used to buy a house we invest first, then from the investment profits then buy a house.

[HONDACD125]

There are different scenarios here, there are people who are trying to survive everywhere, and I don’t think it’s everyone that can afford to buy a house, most especially when you don’t have a source of income, and stable source of income, in part of Africa there are people who would prefer to build a house, where they can be paying for means of building the house, knowing the quantities of things that would be needed and there are also people who would prefer to buy a house, and leave the stress of building a house, but in Nigeria to build or boy a house are for people who have a good source of income, and most especially the rich are people who are able to buy a house or build a house, the economy is very bad for people.

Isn't that the case everywhere? It's not like in some countries people who don't have a good source of income can also buy a house of their own, because that's not possible. Even in first-world countries, the majority would be living on rent, and the reason is simple, it's that they can't afford to buy a house or an apartment of their own since they don't earn enough money to be able to do that, but those who have a good source of income and they make more money than they generally need, they can save the extra funds and actually be able to buy a house within a few years.

Buying or owning your own home is a very big struggle nowadays, because the prices of housing and real estate is going up faster than the wages of people, which is why the employed class is barely able to save enough money to buy a house. In the past, even those who worked as labouror and did physical labour were able to save enough money to finally buy their own house, but today, a labourer can barely afford to eat food three times a day because of how much money they get at the end of their shift or after a week or a month.

[Fakhrulenclix]

There are different scenarios here, there are people who are trying to survive everywhere, and I don’t think it’s everyone that can afford to buy a house, most especially when you don’t have a source of income, and stable source of income, in part of Africa there are people who would prefer to build a house, where they can be paying for means of building the house, knowing the quantities of things that would be needed and there are also people who would prefer to buy a house, and leave the stress of building a house, but in Nigeria to build or boy a house are for people who have a good source of income, and most especially the rich are people who are able to buy a house or build a house, the economy is very bad for people.

There are indeed such things, even in my area there are also some such environments, but I see many people trying hard to get a house because they want to live peacefully in their old age and various efforts can be done if they have a strong determination and one of them is by paying in installments and I think it is quite effective even though if you look at it from some sides it will be wasteful, but if there is no other way then there is nothing wrong with such efforts.

[lovesmayfamilis]

Buying or owning your own home is a very big struggle nowadays, because the prices of housing and real estate is going up faster than the wages of people, which is why the employed class is barely able to save enough money to buy a house. In the past, even those who worked as labouror and did physical labour were able to save enough money to finally buy their own house, but today, a labourer can barely afford to eat food three times a day because of how much money they get at the end of their shift or after a week or a month.

A laborer? You are talking about someone who, having no education, probably has a fairly low salary and, moreover, is engaged in physical labor, gradually losing his health. How can such a person have any free funds? It's hard to believe that such a thing could have been available before.

Loans and the sale of land for construction are relevant today, and this is becoming especially popular for those who do not want to live in the city. But you're right, building a house is expensive, but it's always better than buying a house that someone else built. There will be a huge difference in both quality and finances; if you make calculations, then building for yourself, you will be able to do it gradually, each time acquiring what is necessary for construction. Yes, it may be a long time, but it will only be your home, without landlords or any other individuals claiming their rights.

[Zlantann]

Buying or owning your own home is a very big struggle nowadays, because the prices of housing and real estate is going up faster than the wages of people, which is why the employed class is barely able to save enough money to buy a house. In the past, even those who worked as labouror and did physical labour were able to save enough money to finally buy their own house, but today, a labourer can barely afford to eat food three times a day because of how much money they get at the end of their shift or after a week or a month.

A laborer? You are talking about someone who, having no education, probably has a fairly low salary and, moreover, is engaged in physical labor, gradually losing his health. How can such a person have any free funds? It's hard to believe that such a thing could have been available before.

It was possible a few years ago. These labourers don't buy houses; they gradually build them. They buy building materials in small quantities. Some of them engage their fellow laborers who serve as workers in the course of building the house. A house with few rooms would take them many years to build because they don't have enough money at hand. I know a few people who were low-income earners who were prudent enough to save enough to build modest houses. It is not possible currently because inflation has made income insufficient to cover basic needs.

[xzone]

There are different scenarios here, there are people who are trying to survive everywhere, and I don’t think it’s everyone that can afford to buy a house, most especially when you don’t have a source of income, and stable source of income, in part of Africa there are people who would prefer to build a house, where they can be paying for means of building the house, knowing the quantities of things that would be needed and there are also people who would prefer to buy a house, and leave the stress of building a house, but in Nigeria to build or boy a house are for people who have a good source of income, and most especially the rich are people who are able to buy a house or build a house, the economy is very bad for people.

Cultural differences really make a big difference here. Owning property in Africa is very difficult; ordinary people have very low incomes and have to live at a much lower standard of living than in many other countries. In America and Europe, the situation is very different; in many places, people can buy houses with loans and mortgage programs. I think that's not really possible where you are; there are people who struggle to even meet their basic needs

[bakasabo]

That is what I have been trying to say in this topic or topic with similar idea about owning a house. It sounds easy until you become an owner. Owning a house require solving minor and major issues constantly. If you own a house there is always something to do to maintenance, whether it is house or territory. If you think there is nothing else to do, then your second half always have ideas what to change, improve or add. I have also heard such saying, that "building your first house is building house for an enemy. Only second or third house you build for yourself". First build house is always an experience that contains multiple mistakes both in building, technology and design. If a person is not ready to dedicate a lot of time to go deep in technology of building, materials, controlling all the process and etc, it is not worth even thinking about building a house.

So many of us are actually concerned about the achievement of owning a house without having a better understanding of the responsibility that comes with it, owning w house is good and it’s the best but the moment you become a house owner, maintenance becomes one of your priorities and there is always something that needs repair, replacement, upgrading, no matter how new the house is you can’t avoid this things, cause starting up a house project or building a house is not just about having enough money to start it also requires time and good planning and you also need to understand more about building materials so you won’t get cheated. For some people, buying a house thats already built is better than starting from scratch.

Buying and having a house is similar to buying and having a car. It is not hard to buy a car, difficulties starts when warranty expires and people find out how much annual maintenance is.

I am not going to dissuade people from buying a house, but people should be more than ready to spend good amount of money anytime. Buying a house on last money is a very bad idea.

Buying house that is already built is a good idea to save. You pay fixed amount and but be ready to cope with risk, as you see only «wrapping, but has no idea what candy taste». Building house from the scratch = be ready to never meet your budget. As on every stage everyone will try to scam you, as well you yourself will increase budget «because you want to change something or have something better quality».

[BABY SHOES]

As a young person, I can’t afford to buy a home in a big city. To be honest I can afford but it cost me 6-7 years(Wtf) but I don’t want to spent that time for just a house. Instead of buying a house, I bought a small land in a rural area just two months ago. Maybe I'll build a house in there with a small farm after 6-7 years. It will be way more cheap, healthy and more importantly less stress than city life

In big cities, it is certain that the price of houses there is expensive because it is in the city center, people like us will not be able to buy it unless they are rich people to make another business such as a house for rent or an office.

Building land in a village is a good thing, the air is still cool and avoided from pollution unlike in the city center where air pollution has been polluted by so many vehicles.

The dream in old age is to build a house in the village, then there is a garden that can be farmed and that is what is important later, a pond that can be fished to relieve stress.

[Uhwuchukwu53]

Owning a house, all of this are determined by certain factors house availability for lower class middle classes and some on, economic viability and favour policy and price control by government. Secondly geographical domain matter alot in the cost of the house ,if it can be affordable by any class whose wage, salary or income is not like the political class, there are two major ways of getting a house one by mortgage of salary or income to housing estate properties or companies according to what you can afford and time frame such can offer you the house, and also buying if land and gradual building, buying saved all manners of risk and time because the building process including task factor mostly in my geographical area is discouraging it's best to mortgage one income and buy from housing estate.

[cxtreenal]

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?

Almost everyone wants to build a house to live in. This desire is stronger for low-income people because having a house gives them a socially respected position. I have my own house but I am trying to buy a house in the city.
If you have your own house to live in the city, you do not have to live in a rented house. Most of the income of many people is spent on renting a house. Buying a house requires a lot of money, which is difficult for a middle-income person.

The reality is that many people live in rented houses because they live in the city temporarily for professional reasons. Many people choose rented houses as temporary residences when their jobs change, as there is a possibility of being transferred to a different city.

[JoyMarsha]

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?

Thank goodness that my family was able to own a house many years back when things were a bit cheaper, not as costly as now because if it is now, me or any of my family members think of owning a house, we would have preferred to rent an apartment rather than owning a house(we can't put up that any time soon).

Owning a house currently requires someone who earns big digits, not for someone who earns little with no side business that rewards big.

[Out of mind]

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?

Nowadays, in most societies, it is seen that middle class families work hard to build a house. Those who live in the inner cities have a plan, they earn a lot of money and save it, later they will focus more on a flat and an appointment. But I think that having a house is the most important thing for a person, especially when you have your own financial resources but don't have a house, it doesn't look good to me at all. That is why nowadays, the younger generation plans to build their own house for themselves, due to which they work hard and earn. Although building a house requires a lot of money, but you can definitely succeed by working hard at some point, in that case, when you have a lot of money, it is definitely possible to build your own house.