re: I think people need to accept that the housing window has closed

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Not necessarily a bubble but the prices will eventually fall to equilibrium to match the interest rates. Ever notice no one was claiming about housing costs when rates were 3% or less? Now that they are 6+% it will take time for prices to either drop or decrease the rate of appreciation.

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This has been a topic of discussion here pre-Covid

Now those threads really seem like millennials whining but there was definitely a feeling of how the hell does anyone afford this shite in 2018

It’s just gotten significantly worse between rates and price. Happy I got in before both blew up

Just curious, if its paid off already, what year did you buy it?

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This has been a topic of discussion here pre-Covid Now those threads really seem like millennials whining but there was definitely a feeling of how the hell does anyone afford this shite in 2018

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I remember all of the threads because they were filled with millennials who insisted their lifestyles were incompatible with the anchor of a mortgage or believed they were smarter than the market and relentlessly boasted about having money on the sideline to pounce on discounted properties as soon as the bubble popped.

Now there’s a lot of misguided anger from the same people that are unhappy that those who accepted the anchor challenge were rewarded with a 3% interest rate and an appreciating asset.

You are not in the top 10% of earners and incapable of owning a home. There are other situational factors or choices you have made that lead to this situation.

Home ownership is objectively more difficult now than it once was. This isn’t even worth arguing - it’s factually accurate. The reality is most people do not understand the time value of money whether than be home cost, real wages, inflation, and/or interest rates.

I am familiar with the DFW home market. Good on you for making choices…there is nothing magical about owning a home and you are prioritizing other factors than home ownership. It’s not that you cannot afford a home; rather, you are putting requirements that make owning the home less attainable. Nothing wrong or right, it’s just choices.

I’m generally expecting people to buy homes later in life than previously (don’t actually view this as inherently a bad thing). I also think multi generational homes will become more accepted in the coming generation or two. Grandparents child rearing so that two parents can work full time and not need to put kids in daycare. This makes a ton of sense but has not been the social standard. From a labor economics stand point, it’s a cheat code but very few Americans want to live with their parents or in laws.