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Davriellelouna@lemmy.world to United States | News & Politics@midwest.social · 6 months ago

Why is the number of first-time US homebuyers at a generational low?

www.theguardian.com

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Why is the number of first-time US homebuyers at a generational low?

www.theguardian.com

Davriellelouna@lemmy.world to United States | News & Politics@midwest.social · 6 months ago
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Young Americans are holding off on buying a home, with the average age in 2024 being a record high of 38
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  • AbsolutelyNotAVelociraptor@sh.itjust.works
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    6 months ago

    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…

    • Carvex@lemmy.world
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      6 months ago

      The bank won’t approve a $1500 mortgage so I pay $2000 in rent

      • Kernal64@sh.itjust.works
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        6 months ago

        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. 🫠

  • RushLana@lemmy.blahaj.zone
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    6 months ago

    Take a fucking guess ? This article is joke : “young Americans, holding off on buying a home has become the new norm”

    holding off ???

    • InnerScientist@lemmy.world
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      6 months ago

      Just do it™

    • The Bard in GreenA
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      6 months ago

      They have to afford that avocado toast.

  • owenfromcanada@lemmy.ca
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    6 months ago

    Why is this headline so fucking stupid?

  • 🍉 Albert 🍉@lemmy.world
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    6 months ago

    is that with by a time traveller who just landed here?

  • elevenbones@sh.itjust.works
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    6 months ago

    Jeez I wonder 🤔

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