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man2010 t1_j14gtjm wrote

Reply to comment by Coffee_cat262 in Suggestions for how to earn enough money to survive here? by ipsissimus666

Completely agree, and I've had a similar experience starting around $45k with roommates and now at $110k on my own. Going to a state school and getting better than average financial aid helped make the student loans manageable, and my frugal habits from the $45k lifestyle have somewhat stayed until now which also helps (though lifestyle creep is very real and I've picked up some more expensive interests too). I think your point about dual incomes is a big one that often gets missed. I've accepted that property ownership is out of my reach on a single income without moving farther away or cutting way back on retirement savings, but adding a moderate second income would completely change that.

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Coffee_cat262 t1_j14iwg7 wrote

Ya exactly! Also not sure why you’d want to buy alone though, unless you’re taking advantage of a truly amazing deal (read super early Covid days when I should have bought)! What if you blow your savings on a place in the city and you end up with someone who hates living downtown and prefers the burbs? Or vice versa. Also just the simple fact that dual income gives you a million more possibilities, and same, I’d really only need the person to make a moderate living for my purchasing possibilities to be widely expanded.

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man2010 t1_j14n9a3 wrote

If I could own a condo and build equity in where I live it would be great so I definitely get it, though there are benefits to renting that I like as well (not responsible for maintenance, can move easily, etc.). If you're a single person buying property then you're probably not worried about what a future partner will want, and if they ultimately want something different then hopefully you'll have owned for long enough to have built a little equity and come out positive when selling. It's a "cross that bridge when you come to it" situation to me.

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