No credit. No score. Still bought house. There are ways around the system. Same for my cars usually. Buy them at auction. Ditto for phones. You don't need that new $1200 iPhone. A used one for $250 cash and holding onto it for 6 years is much better.
Hahahahahaha, "no credit, still bought a house", ok mr my uncle left me gold bars in his will, the leprechauns showed me the end of the rainbow, hahahahahaha
It's incredibly expensive being poor, lots of people are poor, there are of course ways to be poor, and without good credit, but everything costs three to four times as much in the end, if you don't have cash on hand.
Been poor my whole life. Guarantee 99% of people on here make far more than I do. I can't work as much as others due to health issues, and I still managed it though cunning, sacrifice, and good timing.
The timing was more a factor of having a real estate agent as a friend. If you're using bullshit like Zillow to look for properties, then you're an idiot.
Zillow is not MLS, and most of what people are seeing 'on the market' is shit that's left over from being snagged up. Get yourself a real estate agent that can keep an eye out on property for you, and there are plenty of deals that come across their desks that you could be notified of before it hits general availability. They don't make money unless they find you something, so they are generally on the ball when it comes to keeping an eye out. Everyone here whining is just showing their inexperience and lack of drive for actually fixing their situation. Instead they just want to be stuck in a rental loop their entire lives.
No, you bought in 2008 when prices plummeted to insanely low levels due to economic collapse that was ALMOST worse than the Great Depression. There were lots and lots of modest or shitty houses like yours available for cheap then, all over the country.
It was 95% that, and maybe 5% your resourcefulness and willingness to sacrifice or whatever.
Buying a house like yours for 30k (even inflation-adjusted) are nearly nonexistent in the vast vast majority of the US at this point. They're definitely not out there by the hundreds of thousands in lower-middle income neighborhoods like they were in 2008-2010.
For a significant number of people to be able to do the same thing in the same way, there'd have to be a similar cataclismic event again.
Bought first home in early 2000s, sold that one and bought another since then. There is no way I would have been able to save up enough to pay cash during that time.
I didn't claim to have paid all-cash for my house. I had a mortgage, I simply found a predatory by-owner lender and worked through all of his bullshit. They offered my mortgage on balloon, seeing that basically nobody ever managed to get a house paid off during the balloon period. So I did without...basically everything, for 8 years while I put every last penny I had to paying it off before the balloon was due. Lender said he'd been doing this for 45 years and had never seen anyone pull it off and he'd be happy to sell me another any time.
But during this time, I was paying what I would pay in rent, as a mortgage, basically paying MYSELF. Everything I worked so hard for and paid into during that 8 year stint, is STILL MINE. Every penny I paid, I still own. Meanwhile, everyone here sits on renting shit for $2k-3.5k/month and whines about never having enough money for anything.
And if you're sitting there saying to yourself "30k over 8 years?! wtf that's not hard?" -- well, I was in the middle of my cancer treatments as well, and I can't work nearly as much as anyone else. So it's kind of hard to sympathize with the dipshits saying they make $80k/yr and can't afford a house, when I made it work during cancer treatments and less than $20k/yr.