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re: Is the "housing shortage" overblown?

Posted on 5/12/24 at 11:29 am to
Posted by ItNeverRains
37069
Member since Oct 2007
25916 posts
Posted on 5/12/24 at 11:29 am to
Nationally there is absolutely a shortage, however real estate is hyper local so people I. Baton Rouge will disagree with people in Lafayette. Combining that with the fact a 400k house with 20% down is still going to be in the ballpark of 2500/mo after taxes and insurance, it’s making a bad situation worse for 1st time home buyers.
Posted by El Segundo Guy
SE OK
Member since Aug 2014
9686 posts
Posted on 5/12/24 at 12:16 pm to
A first time homebuyer in their 20s has no business looking at $400k homes unless they're a high earner.

And I thought everyone works from home, which gives the younger generation the ability to be mobile and seek out less expensive zip codes further from metro areas.

Believe it or not, it's possible to live and be happy without Uber, Starbucks and Door Dash.
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