re: The Medium income Amercan Family now earns 1/2 the income needed to buy the avg home.

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Actually young people think they need to be given everything. You don't need to commute. Stay where you are and complain. Fine with me. Ha ha. Though i can say, if you were my kid I wouldn't want to be around your whining.

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Ah feels good to be called "young" at nearly 40 boomer, thanks.

By the way, once again couldnt be more further from the truth here. Again our household income last year would put us in the Top 10% nationally. We have no issues affording anything. IT's perfectly ok to point out facts like housing is at its most unaffordable state whether it affects you or not though, its called just having awareness in general. When I can understand simple math and also see friends having their mortgages double or more than dobule, I can easily recognize there's a pretty big underlying problem there for what people see as an "American dream".

And no, the "solution" isnt to go around to everyone affected and tell them to move an hour and a half away from their jobs, friends, etc and say deal with it, I dont care if your life sucks now.

Ideally, this is just a short term problem, because if it becomes a long term problem, good luck with that long term recession if we thought 2008 was bad. Home ownership should be a realistic opportunity for the people willing to work for it, not something that's a pipe dream for the MEDIAN american or even 60-70% earners they need to live out in the middle of nowhere to accomplish that. That's just beyond stupid.

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This board is literally 99% whining. Why does this bother you so much?

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Can't argue that. Why does it bother you that I disagree with you?

The only part that bothers me is that you think I have not made any sacrifices. Other than that I am fine with what you are posting.

Have a relative that lives in Atlanta. I wouldn't live there for a million bucks.

Im not complaining about my own circumstance, I am worried about the future of our country.

And no to all of the shite you just wrote

Outside of the government becoming fiscally sound, there is little that can be done. There is too much debt for inflation and rates to come down meaningfully. The only real difference makers would be removing zoning restrictions and an increase in fully remote jobs which would enable people to move to cheaper locations

Its basic math, yeah someone can eat a diet consisting of rice and cabbage for every meal. That would save them a few percentage points of their take home pay. What else are they supposed to cut? Ride a bicycle 50 miles to work?

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Cherry picking an example from the story doesn’t change the data.

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The data isnt relevant when its referencing things starting in 2023 and going BACKWARDS in time

This isnt hard to figure out. There was no housing crisis in 2019, 2020, 2021.

It's just hilarious the guy posted the article and probably didnt even read it where it literally is quoting a gen z'r who bought when prices and rates were much lower and saying they are glad they bought then before it became unaffordable

I could give a sh*t less what stats say from before the housing crisis almost started. Lets see what actual buying rates have been in 2023, 2024 specifically, you know, when things ACTUALLY have been bad.

I live in AL.

Where do you live, how big is your house? For 600k you can get a 4,000 sq ft house in some of the best school districts in the state, with a basement.

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The only part that bothers me is that you think I have not made any sacrifices. Other than that I am fine with what you are posting.

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I don't know you. My statements are about the younger generation in general. If they don't apply to you, they don't. Look at it this way. Let's say you want to learn guitar and I play (I do, acoustic). You see me play and ask how to learn. I tell you to practice every spare moment. If you can practice (not play there is a different) 2-3 hours a day for the next year. You'll be well on your way to learning. You respond, "I don't have enough time". My response is don't learn to play then.

I just want to know where all of these lifestyle budget cuts are supposed to happen that people are talking about.

For a single person:
Healthcare = $400 a month
Used car + insurance + Gas = $1000 a month, more if you have a ridiculous commute
Phone/internet = $100 a month
Rent in non-ghetto = $1500 a month
Groceries = $400 a month if you dont eat beans for every meal

Thats about 41k in take home pay, before you even start saving for retirement or have any “fun” expenses