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A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor'
(www.businessinsider.com)
this post was submitted on 14 Aug 2024
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This is almost exactly my situation (except I'm stuck at 60k and am perpetually single so no dual income for me) houses were 60k+ for real shit holes and now those same shit holes are 250-300k in flood zones and the worst neighborhoods. It's absolute insanity.
One asshole even had the gall to make a joke, there was a hole in the roof of this glorified shed and they put "airy feel" in the description while asking 295k... It is not in a desirable location whatsoever so it's nothing but pure greed.
Yeah I can't wait to figure out dual income cause it really is the only way to scrounge for even the basic of life in the western world.
But the issue seems to be that the "floor" has become a real cemented thing. Where it was once a sorta vague idea of lowest costs for an area the connection of everything has made it real and now there is no "house" that would dare sell lower than the floor because it should sell for that as agreed upon by an algorithm averaging all costs.
But houses are assets and there shouldn't be such a thing as an asset that goes down in value rich should only get richer cause that's only natural! /s