Nearly half of all renter households in the US were cost-burdened in 2023, meaning they paid more than 30% of their income towards housing costs, according to new government data.
You have a 2-3 br home you pay $1,750/mo mortgage for
You are an Electrician Apprentice, making a median salary of $57k
You have very reasonable student loans between $3k and $19k (your number)
You will be a full blown electrician in 2-7 years (your number, 4,000 to 12,000 hours, full time)
I don’t know about you, but that all sounds quite reasonable. That is a nice home, student loans that are very affordable and will be paid off soon, a good job, and a promising career path. You own your home, meaning you are building equity. And, hell, you can even rent out one of the bedrooms to vastly lower that already reasonable monthly mortgage.
This may not be what you specifically want in life, but it is a very achievable goal and a comfortable life for the average man.
Yes. Very reasonable. You just need to find a way to afford rent and food for you and your kids for those seven years, at least a couple of which you won’t be earning the sort of money you could earn to move out to Shitsville, Nowhere and buy a modest home.
I’m guessing your next piece of advice would be: just don’t have kids. Because women can just vacuum those back up once they come out.
“If you live where the jobs aren’t, you can afford a house.”
Cool.
The trades (electricians, etc) pay well and are in demand basically everywhere. The jobs are out there.
Ah, so this has become, “if you don’t want to pay high rent, get trained to be an electrician, then move out to some shithole, then buy a house.”
Let’s see… this says that trade school to become an electrician costs between $3000 and $19,000, so enjoy that debt- https://www.bobvila.com/articles/electrician-school-cost/
This says it then takes nine months to two years to get your trade school training, then 4,000 to 12,000 hours as an apprentice to become an electrician- https://www.indeed.com/career-advice/career-development/how-long-does-it-take-to-become-an-electrician
You’re right, this is totally a doable plan for most people to pay less rent money. Eventually.
Lets put these all together then:
I don’t know about you, but that all sounds quite reasonable. That is a nice home, student loans that are very affordable and will be paid off soon, a good job, and a promising career path. You own your home, meaning you are building equity. And, hell, you can even rent out one of the bedrooms to vastly lower that already reasonable monthly mortgage.
This may not be what you specifically want in life, but it is a very achievable goal and a comfortable life for the average man.
Yes. Very reasonable. You just need to find a way to afford rent and food for you and your kids for those seven years, at least a couple of which you won’t be earning the sort of money you could earn to move out to Shitsville, Nowhere and buy a modest home.
I’m guessing your next piece of advice would be: just don’t have kids. Because women can just vacuum those back up once they come out.