You are in the Aliyah section so I am assuming you are in Israel
Have you tried Mechir Lemishtaken?
I know somone who won in a periphery city where the down payment was much cheaper + the maanak really helped them, they are renting it out until they are allowed to sell, and already the prices are constantly going up - so in 5 years they will sell and be able to afford a smaller apartment in an area they actually want to live.....
It is insane getting the 30% together - that is why more and more Isreali's are helping there kids with a down payment (used to be just charedim who did this - now all my secular co-workers are)
Also have you looked in more North/South area's - also may be kdai just to buy there to get your foot in the game and rent out - inflation means money in the bank is loosing value and the real estate is INSANE
We're married 12 years and can't afford to buy. I'm not sitting and dwelling on it, bh we can afford our rent.
Why should their be an organization that helps with buying a home? It's a luxury.
Not an organization - But the Goverment needs to make changes
In Israel a HUGE part of the housing expenses is because the govt. owns all the land - and sell it slowly, plus there is insane red taper involved in building projects. The govt. makes a lot of money off these rising land values and creates a reality where most people cant afford the 30% down payment.
There are also very few long term rental options - most land lords only will sign for a year or two. then they kick you out because they are only allowed legally to raise rent by 2-3% and the market has rissen by over 10%. So renting means no stability unless you get lucky. I know to many people being kicked out because of this - or having there rent jump by huge sums.
FTR for many many years all israelis secular as well split the payment of an apartment 50/50 for the new couple. There was not even really mortgages back in the day. The two sets of parents would meet before the wedding to hash out who could commit to giving what.
we're in the US and were only able to afford after close to 10 years of marriage, with low interest rates and living in a tiny OOT community with very small purchase price - and a substantial interest free loan from a distant relative. No way we could have afforded in-town or Israel... I'm sorry OP! Hopefully the situation will improve soon for all, it sounds like you aren't alone.
We’re married 15 years and still don’t own a house besides for our many other expenses which aren’t fully covered. Most of my friend’s and family had their parents or in laws help them but we don’t have either. We BH have a big beautiful family and Hashem knows what we need. IYH when he thinks the time is right he’ll give us a house. Just keep davening! Yeshuas Hashem Kheref Ayin!
greetings from another happy renter in her forties
[I'll also be a happy owner - promise]
My father in himmel is likewise doesn't reside in His own home
He is waiting for us !
שיבנה בית המקדש במהרה בימינו