Why is the number of first-time US homebuyers at a generational low?
Young Americans are holding off on buying a home, with the average age in 2024 being a record high of 38
Jeez I wonder 🤔
is that with by a time traveller who just landed here?
Round and round we go with no solution or calling out just the static hum of lazy writing
I'm gonna go ahead and say, without reading the article, that stratospheric prices of housing and frozen wages since the early 2000's might be the reason.
But this is just an uneducated guess, I'm probably wrong...
The bank won't approve a $1500 mortgage so I pay $2000 in rent
Hahaha I feel you. I'm paying $1.2k more in rent because I can't get a mortgage approval for less than what I paying now because I allegedly don't make enough. I have a credit score over 800 and could comfortably make the lower mortgage payments, but instead I'm being bled dry. 🫠
Take a fucking guess ? This article is joke : "young Americans, holding off on buying a home has become the new norm"
holding off ???????
They have to afford that avocado toast.
Just do it™
I’m not paying 500k for a “fixer upper” in a shitty neighborhood that sold for 50k 10 years ago.
When we were looking a few years ago, the only thing under $250k was a house built in 1897 that shared the property line with a hoarder shed that had a family of raccoons going in and out while we were looking at it in the middle of the day.
It's either that, the $500 fixer-upper, or the $800k new construction. And I'm in the Midwest, not even in a high COL area.
And that 800k new place is built like absolute shit. They tossed that up in a couple months. Didn’t even drywall the garage interior. It’s basically a shack.
Affordability is one thing. On the other hand, I think that housing is ridiculously overvalued. No way that a piece of junk is worth half a million. I just can’t stomach what appears to be putting my money in a hole and setting it on fire.
Why is this headline so fucking stupid?
We broke
