A huge percent of young generation will never own a house

[RICHSTRONG]

That's fine, Blackrock and vanguard can buy them and rent them out.

As designed.

ALl my retirements in Vanguard. Keep it goin Boys! Fuk them broccoli heads Fr;FR on gawd, no cap

[FoulSmell]

Average house price is 347k. Buy a below average house if you can’t afford it.

1 Hawaii $839,013
2 California $765,197
— District of Columbia $610,548
3 Massachusetts $596,410
4 Washington $575,894
5 Colorado $539,151
6 Utah $509,433
7 New Jersey $503,432
8 Oregon $487,244
9 New Hampshire $454,948
10 New York $453,138
11 Montana $448,238
12 Idaho $443,500
13 Rhode Island $438,711
14 Arizona $426,680
15 Nevada $426,267
16 Maryland $406,843
17 Florida $392,306
18 Connecticut $384,244
19 Maine $382,580
20 Virginia $377,699
21 Delaware $374,252
22 Vermont $373,001
23 Alaska $349,502
— United States $347,716
24 Wyoming $334,782
25 Minnesota $323,034
26 North Carolina $322,527
27 Georgia $321,821
28 Tennessee $311,531
29 Texas $298,624
30 South Dakota $292,551
31 New Mexico $292,280
32 South Carolina $287,882
33 Wisconsin $286,394
34 Pennsylvania $255,570
35 Nebraska $251,315
36 Illinois $251,267
37 North Dakota $248,022
38 Missouri $238,125
39 Michigan $232,511
40 Indiana $231,533
41 Alabama $221,490
42 Ohio $217,698
43 Kansas $217,315
44 Iowa $208,755
45 Oklahoma $199,378
46 Arkansas $198,838
47 Kentucky $196,550
48 Louisiana $194,308
49 Mississippi $171,613
50 West Virginia $155,491

[shmobin]

What field are you in making $175-185k in your 20s?

Sales.

[SuperHercules]

couldn't care less about zoomer fgts

[Orion1349]

30 year olds in dual income households will have no problem owning a house



This is a misconception. Hedge funds account for less than 1% of house purchases per year

30 year olds with dual incomes make about 70-80k combined a year. That's no problem affording a 3300 mortgage? Are you smoking crack?

80k after taxes is like 5k a month. What you can really afford on 5k a month is a 1300 mortgage, which doesn't exist anymore

[Orion1349]

Average house price is 347k. Buy a below average house if you can’t afford it.

Huh? Everywhere online says median house price is 420. Where do u see 340?

Even a 300k house with 7% interest is a 2500 payment. The median income in places where houses can be found for 300k is like 40-50k a year. That's 3300 a month after taxes dude

[chalup]

This is for the best. They can rent and invest the difference.

Houses around me exactly like mine rent for 2x my mortgage.

[Cleveland33]

30 year olds with dual incomes make about 70-80k combined a year. That's no problem affording a 3300 mortgage? Are you smoking crack?

80k after taxes is like 5k a month. What you can really afford on 5k a month is a 1300 mortgage, which doesn't exist anymore

lower your standards and buy a starter home dipchit

[MrFrogbottom]

lower your standards and buy a starter home dipchit

Exactly. All the complaining I see (in real life) is from people who want some dream home to start with. They all seem to forget previous generations all started with smaller homes and moved up when they had more money.

[Orion1349]

lower your standards and buy a starter home dipchit

You imbecile. I live in Illinois. The cheapest houses here go for 330k. That's a starter home dump. With 7% interest, that's a 2800 payment


You guys seem to think a 3k payment is a mcmansion. Mcmansions nowadays are 5-7k payments. It's not 2010

[eddiehaskell]

Exactly. All the complaining I see (in real life) is from people who want some dream home to start with. They all seem to forget previous generations all started with smaller homes and moved up when they had more money.

yeah...your first house may be......small....and kinda ugly. but you fix it up a little at a time, pay it down and then later decide to upgrade as hopefully your income has gone up. "average price" is more like what people might get in their 40s or 50s.

[Cleveland33]

You imbecile. I live in Illinois. The cheapest houses here go for 330k. That's a starter home dump. With 7% interest, that's a 2800 payment


You guys seem to think a 3k payment is a mcmansion. Mcmansions nowadays are 5-7k payments. It's not 2010

Bullchit and no one thinks 3k is for a mcmansion

[QuitYourCrying]

this. i used to grow up and think the old people were bitter, but hitting my 30s, i understand now.

fuk them. i'm not responsible for their wellbeing. they don't care about me, neither do i care about them

Cool society you are contributing to.

I better not hear any whining and moaning when your get carjacked or mugged.

[DolphinPilot]

One of my buddies is 29 and lives at home. He saved 100k in 4 years. Houses went up more than 100k in 4 years


Houses are appreciating almost 20k a year now on avg. You'd have to save and invest 40k a year for 10 years to be able to do it. My buddy makes 100k a year. Most 29 year Olds make 60k a year


It's very very grim

Yeah I'm at a point now where I am ready to take the plunge with my huge chunk if cash for a down payment BUT prices and rates are bull**** so iunno wat do rn

[FAPhaggot]

Huh? Everywhere online says median house price is 420. Where do u see 340?

Even a 300k house with 7% interest is a 2500 payment. The median income in places where houses can be found for 300k is like 40-50k a year. That's 3300 a month after taxes dude

2 median or higher incomes and no children is about the only way you can make the numbers work out.

Speaking of kids, they're pretty much a thing of the past for people under 40. Houses are pretty much gone too. As structural inflation pushes younger generations further into poverty, cars will be the next item they can no longer afford.

Things should be stable for a bit after those 3 big-ticket items are out of reach. The next items for negative real wages to claim would probably be meat, internet, and heating fuel, but by that point you are literally a 3rd world country. I think we're going to end up looking lot like Brazil by the end of it.

[Orion1349]

Bullchit and no one thinks 3k is for a mcmansion

You haven't done any real research


The housing market is fcking atrocious

[Cleveland33]

You haven't done any real research


The housing market is fcking atrocious

get bent dude

lower your standards or make more money but stop being a whiney bitch about it

[FAPhaggot]

Yeah I'm at a point now where I am ready to take the plunge with my huge chunk if cash for a down payment BUT prices and rates are bull**** so iunno wat do rn

The way I see it, prices won't go down substantially. Governments lose tax revenue, boomers lose money, the rich guys pulling the strings lose money... they have every interest in keeping real estate propped.

Interest rates are phukky, and I don't know whether they will continue moving up (because the US is broke), or go down (because the US is broke). I would not want to place a mortgage-sized bet either way.

So I would say if you can swing the payment today, just do it. There is almost 3x more USDs running around compared to '09, and no one wants to hold cash. If doubling monthly payments didn't break the back of list prices, I don't know what else will.

[heiltrump2024]

The way I see it, prices won't go down substantially. Governments lose tax revenue, boomers lose money, the rich guys pulling the strings lose money... they have every interest in keeping real estate propped.

Interest rates are phukky, and I don't know whether they will continue moving up (because the US is broke), or go down (because the US is broke). I would not want to place a mortgage-sized bet either way.

So I would say if you can swing the payment today, just do it. There is almost 3x more USDs running around compared to '09, and no one wants to hold cash. If doubling monthly payments didn't break the back of list prices, I don't know what else will.

if wages don't keep up with rising housing costs, things will stabilize. nobody's going to pay $4000-5000 monthly to live in a $400k home

[usersignup2]

sorry but no one feels sorry for people who complain and do fuk all about their situation. You only want to talk about why you can't afford a house but you never talk about how to change your situation. When someone offers some advice you just say "that's not realistic". Yeah, well fuk off then.

[FAPhaggot]

if wages don't keep up with rising housing costs, things will stabilize. nobody's going to pay $4000-5000 monthly to live in a $400k home

Look at Canada. They have 3 bedroom houses being shared by 10 military-aged male Pajeets.

If the government keeps pumping immigrants across the border, prices will increase and wages be damned.

[Orion1349]

sorry but no one feels sorry for people who complain and do fuk all about their situation. You only want to talk about why you can't afford a house but you never talk about how to change your situation. When someone offers some advice you just say "that's not realistic". Yeah, well fuk off then.

Lmao

[DeadlyStriker]

sorry but no one feels sorry for people who complain and do fuk all about their situation. You only want to talk about why you can't afford a house but you never talk about how to change your situation. When someone offers some advice you just say "that's not realistic". Yeah, well fuk off then.

That's not how it works though. Of course you have to course correct and not be a victim, but you also have to realize the insanity of asset prices to income ratio is through the roof.

The average housing price jumped 31% from 2020 to 2023. Now go through every asset that went up as well, and compound it.

The average wage increase is 3%.

That's a system that is broken and cucking you to a point of peasantry. So talking about this and trying to figure out what to do while noting how absurd it is....is a normal thing to do.

I don't think people truly understand how INSANE this is and what is going to happen in the US financially. It's not going to be pretty.

[Orion1349]

That's not how it works though. Of course you have to course correct and not be a victim, but you also have to realize the insanity of asset prices to income ratio is through the roof.

The average housing price jumped 31% from 2020 to 2023. Now go through every asset that went up as well, and compound it.

The average wage increase is 3%.

That's a system that is broken and cucking you to a point of peasantry. So talking about this and trying to figure out what to do while noting how absurd it is....is a normal thing to do.

I don't think people truly understand how INSANE this is and what is going to happen in the US financially. It's not going to be pretty.

These people not noticing how absurd the system Is are stupid

[heiltrump2024]

Look at Canada. They have 3 bedroom houses being shared by 10 military-aged male Pajeets.

If the government keeps pumping immigrants across the border, prices will increase and wages be damned.

well Canada is completely cucked, they got away with vax mandates and all kinds of cuckery. don't think US will accept that.

[Cleveland33]

These people not noticing how absurd the system Is are stupid

no one isn't noticing, we're trying to move and buy a crash pad apartment in the city. It's crazy but doable.

No one is buying into the mortgagecel alt nonsense though

[DeadlyStriker]

These people not noticing how absurd the system Is are stupid

Yea and now they are talking about rate cuts in september lmao. Pump the market and asset prices up!

Buy gold and silver. It's one of the only affordable assets for normal people to still get into before even that will take off.

Dollars are halving

[MajorTendonitis]

The majority of gen queer is going to live in their parents basement until their parents die anyways , and inherit the house regardless

[Orion1349]

The majority of gen queer is going to live in their parents basement until their parents die anyways , and inherit the house regardless

It's forced on them. Not like they have a choice

[usersignup2]

That's not how it works though. Of course you have to course correct and not be a victim, but you also have to realize the insanity of asset prices to income ratio is through the roof.

The average housing price jumped 31% from 2020 to 2023. Now go through every asset that went up as well, and compound it.

The average wage increase is 3%.

That's a system that is broken and cucking you to a point of peasantry. So talking about this and trying to figure out what to do while noting how absurd it is....is a normal thing to do.

I don't think people truly understand how INSANE this is and what is going to happen in the US financially. It's not going to be pretty.

Welcome to reality. Now what are you going to do about it? More whining or do you have a plan to get you a little bit closer to your goal. Your post typifies what losers do. "OK, let me talk a whole bunch more about why it's hard."

How about talking about what you're actually gonna do? Or are you gonna pray that some divine intervention takes place? Fml

I only care about this as much as it being a topic of conversation. If you guys keep standing around with your thumbs up your asses you will be the ones fuked in the end. Be my guest.