Share of homeowners who are single hits record despite costs

Share of homeowners who are single hits record despite costs


Doug Sanders, 26, of Lima, Ohio, always figured he would buy a house after getting married one day.

“I thought it would take two incomes,” he says.

After graduating from college, he lived at home with his parents and got a sales job that left no time for vacations or going out with friends, allowing him to sock away much of his paycheck. A year ago, he landed a job as a sales representative for a top beermaker that came with a roughly 30% raise.

When his savings grew to $20,000, he started thinking big.

“I realized I had enough to put down on a house,” he says. “I would much rather buy than rent.”

Last October, Sanders, who is single, purchased a three-bedroom ranch house for $120,000 in the small, affordable city between Dayton and Toledo, putting down 20% with a little help from his parents. “They say there are three big decisions in life – who you marry, buying a house and career choice,” Sanders says. “Having one of those knocked out early … it definitely feels good.”


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