My salary didn’t change at all, but homes went up 82%. The money I saved for a down payment and my salary no longer are good enough for this home and many others. This ain’t even a “good” home either. It was a 200k meh average ok home before. Now it’s simply unaffordable

  • Possibly linux@lemmy.zipEnglish
    0·
    16 days ago

    What I’m hearing is that houses have the ability to be a great investment.

    Work to get a house and then when you are old and ready to retire you sell and then have a great retirement.

    • Lustrate@lemm.eeEnglish
      0·
      16 days ago

      …until you realize that you still need a place to live after retirement, and any house you’re buying will have the same average increase across the board.

      • Possibly linux@lemmy.zipEnglish
        0·
        15 days ago

        I’m talking much later in life when some of the basic things become a little harder but still doable. You move into an apartment that is for older folks.

        • femtech@midwest.socialEnglish
          0·
          15 days ago

          Those cost more than a house! The one my friends dad lived in where it was all in the same building and the staff was there just in case you fell was 4k a month.