mike wrote: ↑Wed Jul 09, 2025 1:05 pm
Ken wrote: ↑Wed Jul 09, 2025 12:49 pm
JohnH wrote: ↑Wed Jul 09, 2025 12:26 pm
My grandpa worked full time when he was 12 and was married by age 18 with his own house. This was during the Depression and there wasn't spare money to be living off of parents who were destitute anyway. My grandma's sister got married at age 14 and her husband wasn't much older and he actually built a house a few years later. That was considered normal back then.
Nowadays we have people in their 20s and 30s who complain housing is unaffordable and have no idea how to build a house. Something has definitely gone wrong.
In most jurisdictions in the US, building a house will likely cost more (perhaps much more) than buying an existing house. And both options are almost certainly unaffordable to newlywed teens unless they have trust funds or something.
And renting isn't often all that much better.
Another reason young people may as well not date at 16 or 17. The chances of them being able to afford to live independently are much better if they have a bit of a down payment on a house by the time they get married. That or parents who can help them with it. Depending on circumstances, by 21 or 22, a young man can have a sizeable down payment for a house, even if he spent a year or two in VS. Singles living with their parents have good earning power with the lowest living expenses they will ever have. It's a crucial time for people to manage their money well. That said, if a young person chooses to give his or her time to voluntary or low-pay service work, this isn't always the case.
I've seen some of my single employees (old order Mennonite) whose parents appear to be well-off and in the construction business, who got beautiful, brand new homes when they married. For them it's obviously a very long-term proposition and the young married couples immediately get to work building up their own small farm or business. I would guess their house payments are a substantial part of their income. Most people aren't willing to work as hard and long as some of those folks, and can't or won't devote that big a portion of their income to housing. These are young people who only go to school till age 15 or so, and who (for the guys) are probably earning near adult-level wages in construction or mechanical repair starting at that age. Girls typically work as well in retail, greenhouse, or other local jobs. By the time they marry at 20-22 they likely have a significant down payment on a house.
Around here the cheapest Zillow listing for a single family home in the entire metro area is this 3 br 1,288 sf home for $284,900 that is so trashed it looks like it will take another $50,000 just to make livable:
https://www.zillow.com/homedetails/8910 ... 5615_zpid/
The cheapest move-in ready home is this 812 sf 2 bedroom listing for $329,000
https://www.zillow.com/homedetails/2108 ... 4406_zpid/
So assuming the cheapest home is in the $330,000 range, what does that look like in terms of cost for a newly married teenage age couple?
20% down payment on a $330,000 home will be $66,000.
And at today's 30 year fixed rate of 6.6% a mortgage calculator tells me the monthly mortgage including tax and insurance will be $2,154.87 which comes out to $25,858 per year.
Assuming this young couple is really stretching and putting 50% of their gross income into their mortgage that means an annual salary of $51,716. Now I don't know what the economy is like in your area, but not very many unskilled 18 year-olds are landing jobs with an annual salary for $51,716 which is about $25/hr. And that is to afford what is literally the cheapest single family house in this entire metro area of about 500,000.
Rents aren't much better frankly. The average rent around here is $1,990 and it will be higher than that if you want a family-sized unit and not a studio. Especially if you want an apartment on a transit line so you don't need a car.
So no, I don't encourage teenagers to rush into marriage. If you want to leave home, find a cheap shared housing situation with several roommates and save your money and build your job skills or career for a couple years until you are ready to take on the cost and responsibility of marriage and a family.