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.
What the fuck kind of wankjob is upvoting this boomer-tier “Just don’t buy Starbucks” horseshit?
“Just pay cash for everything on your $25k a year! You can totally buy a house if you save for the next two decades!”
Fuck off.
I make less than $25k/yr, lol - I learned to fix my own beater cars. Bought a 3/2 during the 2008 crash for $30k because it was almost gonna be condemned, and was a by-owner sale - I only needed like 8k down, and then worked on fixing it up myself. It was barely livable when I bought it.
And your dumb ass thinks that buying a house right now is possible on less than $100k a year. Yeah, you’re a fucking moron.
I will reiterate my fuck off.
So all people need to do is wait 15+ years until a depression-level market crash. Got it.
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
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.
You’re pretty massively understating how much timing played a role in your specific case.
Yes, having money available so you don’t need credit bypasses the whole system. Have fun buying a house.
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.
Got my house through Habitat for Humanity. (And that’s not a free house program. Ask me if you want to know more.)
I was fortunate, but there was some motivation involved.