I can tell a story about a person who bought a house about the same as many people would.
It was on the local news. A woman was having problems making the payment on her home. They were asking people to donate so this good woman would not be thrown out of her home. Many people were posting how bad it was when good people would be forced out of their homes by the money hungry rich people. The local news gave a little more information about the poor woman. She bought a $200,000 house and didn't pay anything down. She worked as a part time school bus driver.
There are a lot of people much like this woman. They cannot afford to buy a house. Then they try to buy a house that cost more than the average for where they live. They have not saved up any money to use as a down payment. They do not have a job that pays enough to make the payment on the house. Then they want other people to pay for their house to make up for the stupid thing they have done.
Part time bus driver would be a good 2nd or 3rd job, not as primary work.
When people are young, and building up cash and assets, they should be working a minimum of 60 hours a week.
Save, don't blow it on frivolous stuff, invest wisely, and by the time they are 30 ish they should be able to buy a home cash, or at a minimum 50% down. Not a mansion, but a liveable home.
If you have a mortgage, get a roommate, or 2 or 3.
People rely on credit far too much, then can't make the payments.
Also stop eating out, drive a reasonable used car, no gas guzzlers, or new cars you cannot buy with cash.
Society is out of control expecting a free ride.
When i was young, and broke, 8 of us rented a 4 bedroom house, 3 couples sharing rooms, 1 had her own bedroom, and for a discounted rent Tom had his bed in the living room. We rarely ate out, but cooked. I was a full time university student, and also worked 6 nights a week, 8 hour shifts. Summer holidays I was working 80 hours a week.
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