Davriellelouna@lemmy.world to News@lemmy.world · 8 days agoWhy is the number of first-time US homebuyers at a generational low?www.theguardian.comexternal-linkmessage-square27linkfedilinkarrow-up1120
arrow-up1120external-linkWhy is the number of first-time US homebuyers at a generational low?www.theguardian.comDavriellelouna@lemmy.world to News@lemmy.world · 8 days agomessage-square27linkfedilink
minus-squareBeMoreCareful@lemmy.worldlinkfedilinkEnglisharrow-up5·8 days agoNot on top of the wild overvaluation.
minus-squareZerlyna@lemmy.worldlinkfedilinkEnglisharrow-up5·edit-28 days agoI had two houses at that interest rate in the 2000’s. The wage to house price was still reasonable then. Made $40k, paid $88k for a 3/2 in middle class suburban Tampa. I’m making 30% more now but houses are 400% more.
A 7% interest rate doesn’t help
Not on top of the wild overvaluation.
I had two houses at that interest rate in the 2000’s. The wage to house price was still reasonable then. Made $40k, paid $88k for a 3/2 in middle class suburban Tampa. I’m making 30% more now but houses are 400% more.