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Message
re: Great YT video "How the US Is Destroying Young People’s Future"
Posted on 5/6/24 at 11:49 am to Saunson69
Posted on 5/6/24 at 11:49 am to Saunson69
quote:
The concept of just telling a young person "go buy a house, and if you can't do that it's just because you're not working hard enough" is just wrong and undermines how bad a situation young people are in today to be financially free.
It really is tough for most now. When my parents bought, there were brand new "starter home" neighborhoods all over. When I was buying, there were plenty of older homes with decent prices to scoop up and renovate. Now the new homes are huge and expensive, the 40 year old neighborhoods are all run down rentals and the really old neighborhoods are either nicely renovated or trending toward teardowns/new McMansions; and all of them cost a fortune.
Both of my kids got lucky with real estate, but it is a much tougher market than in the 90s when I first bought or the 60s when my parents bought.
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