return2ozma@lemmy.world to News@lemmy.world · 20 days agoThe average age of U.S. homebuyers jumps to 56—homes are 'wildly unaffordable' for young people, real estate expert sayswww.cnbc.comexternal-linkmessage-square47fedilinkarrow-up1625arrow-down17cross-posted to: economics@lemmy.worldhousing_bubble_2@lemmy.worldusa@lemmy.mlusa@lemmy.mlaboringdystopia@lemmy.world
arrow-up1618arrow-down1external-linkThe average age of U.S. homebuyers jumps to 56—homes are 'wildly unaffordable' for young people, real estate expert sayswww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 20 days agomessage-square47fedilinkcross-posted to: economics@lemmy.worldhousing_bubble_2@lemmy.worldusa@lemmy.mlusa@lemmy.mlaboringdystopia@lemmy.world
minus-squareeran_morad@lemmy.worldlinkfedilinkarrow-up3·edit-219 days agoIf people like me can’t upgrade, people who can afford $1.2M can’t get a modest house, and people with less than a $1M budget are utterly fucked. They’ll either move away or pay rent until they die.
minus-squareRekorse@sh.itjust.workslinkfedilinkarrow-up3·19 days agoWhat does upgrade even mean? Are you like two per room and are having more kids? None of this makes any sense without context. The million dollar homes in my well populated area near a major city are gigantic homes.
If people like me can’t upgrade, people who can afford $1.2M can’t get a modest house, and people with less than a $1M budget are utterly fucked. They’ll either move away or pay rent until they die.
What does upgrade even mean? Are you like two per room and are having more kids? None of this makes any sense without context.
The million dollar homes in my well populated area near a major city are gigantic homes.