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Americans need to earn 70% more than 6 years ago to comfortably afford a median price home

Posted on 5/12/25 at 9:58 am
Posted by RaoulDuke504
Member since Aug 2023
3216 posts
Posted on 5/12/25 at 9:58 am
Posted by el Gaucho
He/They
Member since Dec 2010
56939 posts
Posted on 5/12/25 at 10:00 am to
Us Boomers raised the price on homes because we know millennials won’t tighten their belts to afford one


Millenials don’t even wear belts, that’s why you see so many saggy pants these days
This post was edited on 5/12/25 at 10:00 am
Posted by RaoulDuke504
Member since Aug 2023
3216 posts
Posted on 5/12/25 at 10:00 am to
Too much Avocado toast
Posted by Rebel
Graceland
Member since Jan 2005
138331 posts
Posted on 5/12/25 at 10:01 am to
Transitory
Posted by GregMaddux
LSU Fan
Member since Jun 2011
18459 posts
Posted on 5/12/25 at 10:25 am to
Printing money and giving it to illegals to buy houses has consequences.
Posted by Scruffy
Kansas City
Member since Jul 2011
75103 posts
Posted on 5/12/25 at 10:25 am to
quote:

Too much Avocado toast
And cellphones.

Don’t forget cellphones.
Posted by Mr Clean
Power I-Formation
Member since Aug 2006
52578 posts
Posted on 5/12/25 at 10:30 am to
My small savings account continues to shrink.

I'm making less than last year.

Trying to do the next right thing, stay grateful and not think about it.
Posted by Scruffy
Kansas City
Member since Jul 2011
75103 posts
Posted on 5/12/25 at 10:30 am to
quote:

Printing money and giving it to illegals to buy houses has consequences.
Progressives are horrible people.
Posted by Tantal
Member since Sep 2012
17734 posts
Posted on 5/12/25 at 10:32 am to
quote:

Printing money and giving it to illegals to buy houses has consequences.

Groups like Blackrock buying up all the homes to turn into rentals doesn't help either.
Posted by DVinBR
Member since Jan 2013
14658 posts
Posted on 5/12/25 at 10:34 am to

This post was edited on 5/12/25 at 10:38 am
Posted by UnclePat76
McHenry County Illinois
Member since Sep 2004
3327 posts
Posted on 5/12/25 at 10:38 am to
quote:

My small savings account continues to shrink


This year is the first year since I was in college that I actually carried over a credit card balance to the next month a few times.
Posted by CatfishJohn
Member since Jun 2020
17028 posts
Posted on 5/12/25 at 10:39 am to
quote:

Groups like Blackrock buying up all the homes to turn into rentals doesn't help either.

Blackstone.

Blackrock really doesn't do this.
Posted by Dire Wolf
bawcomville
Member since Sep 2008
38902 posts
Posted on 5/12/25 at 10:41 am to
Just buy a shack zoned to a failing public school next to a heroin dealer like your father did
This post was edited on 5/12/25 at 10:42 am
Posted by Spankum
Miss-sippi
Member since Jan 2007
58633 posts
Posted on 5/12/25 at 10:48 am to
Well, I don’t think home prices have gone up by 70%….so there appears to funny math going on.
Posted by N2cars
Member since Feb 2008
34659 posts
Posted on 5/12/25 at 10:49 am to
I mean, it's an RD thread.

Posted by CatfishJohn
Member since Jun 2020
17028 posts
Posted on 5/12/25 at 10:49 am to
quote:

Well, I don’t think home prices have gone up by 70%….so there appears to funny math going on.



Mine has doubled, so 100%.


ETA:

And that's my whole area for the most part. Comparison of pre-covid and 2025 home prices in most markets is pretty wild.




This post was edited on 5/12/25 at 10:51 am
Posted by bad93ex
Walnut Cove
Member since Sep 2018
30920 posts
Posted on 5/12/25 at 10:52 am to
What are the methods that an administration can employ to lift the wages of workers?
Posted by Solo Cam
Member since Sep 2015
34042 posts
Posted on 5/12/25 at 10:53 am to
Could anyone who knows more about the economy explain to me why we wouldn't lower interest rates at this point?

I'm not saying sub 2. But why not go into the high 3's.

At some point I don't understand why we wouldn't? Prices aren't going to go down but our dollar has devalued. You can't get as much for your money as you could. Wasn't that the goal?
Posted by El Segundo Guy
SE OK
Member since Aug 2014
10905 posts
Posted on 5/12/25 at 10:54 am to
1. Buy a few acres on a river in the middle of nowhere.
2. Buy a van.
3. ?????
4. Profit
Posted by WillieD
Lafayette/BR
Member since Apr 2014
2626 posts
Posted on 5/12/25 at 10:56 am to
To keep inflation down
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