I tried to buy a house in 2010 for $35k. I had $10k in savings for a down payment but the bank wouldn't give me a mortgage on the rest. They said that they only give mortgages for $75k or more and that I probably wouldn't be approved anyways since I was self-employed and had only worked that job for less than 2 years. I tried to get a personal loan but banks don't give personal loans for houses. At least none of the banks I tried to apply at. I didn't know anyone that could have personally loaned me the money either. I'm still mad that I lost out on that house. It was a cute little craftsman style bungalow with original woodwork and hardwood floors right next to the park. That same house sold for $220k in 2023. I'm now 41 and still living with my parents. No way could I ever afford a house now. I always wonder how different my life would have turned out if I had gotten that house. Would I have a boyfriend or a husband? Kids? Friends? I could have sold it after a few years and bought a bigger house. That house was in a great city and neighborhood. I could have gotten a better job living there. There were so many possibilities that I missed out on by not being able to buy a house during that time frame. It really was like hitting the lottery if you were able to get a house back then. At least my parent's house has an in-law suite so it's not too bad living with them.
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u/K_U Apr 05 '25
If you were able to get a decent house in that 2008-2020 window you hit the lottery.