re: Baffled as to how single people afford houses currently

I enjoy reading these type of discussions. At least I am not alone in thinking everything has just gone looney toons.

I am a single dad in TX with 3 kids (full time) and a teacher/coach. With inflation, houses, etc. I don't foresee at this point any way I could ever purchase a house again. Live in a medium suburb and rent is still half my income.

If I could move back to LA, or several states besides TX I think it could be possible, all about cost of living. Teaching and Nursing jobs (and some others) are interesting because you make about the same $ anywhere, so if you are able to move you can either make life cheaper, or more expensive.

I think another huge issue- that is only growing- is that there is now an entire generation of 20-40 year olds, that even if they have a job are still supported financially by older parents- enabling them to live above their means. And in addition, most of that age group has kids now, also living above their means via the $ from grand and great grandparents. But soon, those people are going to die off, and the $ will dry up. And we are going to have a whole new problem on our hands.