• downpunxx
    link
    fedilink
    228 months ago

    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.

    The Sam Vimes “Boots” theory of socioeconomic unfairness by Terry Pratchett’s Ringworld comes to mind: https://en.wikipedia.org/wiki/Boots_theory

    Can it be done without a credit score, sure, is it incredibly difficult and in the end more costly, almost always

    • @thantik@lemmy.world
      link
      fedilink
      8
      edit-2
      8 months ago

      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.

      • ripcord
        link
        fedilink
        10
        edit-2
        8 months ago

        You’re pretty massively understating how much timing played a role in your specific case.

        • @thantik@lemmy.world
          link
          fedilink
          2
          edit-2
          8 months ago

          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.

          • ripcord
            link
            fedilink
            13
            edit-2
            8 months ago

            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.

      • downpunxx
        link
        fedilink
        38 months ago

        when you’re poor that’s the only way to do it my man, most of the world is poor, ain’t no shame in it