Davriellelouna@lemmy.world to News@lemmy.world · 21 hours agoWhy is the number of first-time US homebuyers at a generational low?www.theguardian.comexternal-linkmessage-square66fedilinkarrow-up1185arrow-down13
arrow-up1182arrow-down1external-linkWhy is the number of first-time US homebuyers at a generational low?www.theguardian.comDavriellelouna@lemmy.world to News@lemmy.world · 21 hours agomessage-square66fedilink
minus-squareBluefalcon@discuss.tchncs.delinkfedilinkarrow-up51·16 hours agoI know no one really asked this question. Average house price in Q1 2025 was $500,000. $100k down at 6.5% with great credit and monthly payments of $3180 for 30yrs. How many people can say they will have a job that pays that well for 30 yrs? https://fred.stlouisfed.org/series/ASPUS
minus-squareLka1988@sh.itjust.workslinkfedilinkEnglisharrow-up29·edit-214 hours ago $100k down Fucking LMAO “Yeah, before you buy, we want an amount of money you will never have at any one point in your entire life before we consider thinking about suggesting a mortgage to you”
minus-squareBluefalcon@discuss.tchncs.delinkfedilinkarrow-up15·13 hours agoOh…you poor bastard. Now you can pay the PMI and your morrgage will be around $4400 a month. You can save up $15-20k and refi when rates go down. Welcome to renting for ever.
minus-squareBlameTheAntifa@lemmy.worldlinkfedilinkarrow-up10·12 hours agoUnless you live near a major city. Then you double the price of housing.
I know no one really asked this question.
How many people can say they will have a job that pays that well for 30 yrs?
https://fred.stlouisfed.org/series/ASPUS
Fucking LMAO
“Yeah, before you buy, we want an amount of money you will never have at any one point in your entire life before we consider thinking about suggesting a mortgage to you”
Oh…you poor bastard. Now you can pay the PMI and your morrgage will be around $4400 a month. You can save up $15-20k and refi when rates go down.
Welcome to renting for ever.
Unless you live near a major city. Then you double the price of housing.