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re: WSJ Piece: Young Americans Are Getting Left Behind by Rising Home Prices, Higher Stocks
Posted on 4/29/24 at 6:06 am to flyingtexastiger
Posted on 4/29/24 at 6:06 am to flyingtexastiger
quote:
Hate to break it to y'all but $75K in 1980 = $300K today
People were having the same conversations in the early 80’s. Comparable homes were 8-10x what they cost in the early 60’s, rates were close to double digit versus low single digits in the early 60’s, and wages were still a bit behind. It’s cyclical.
The one difference I notice now a lot of first time homeowners are less likely to want to purchase a fixer upper vs 30-40 years ago.
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