Davriellelouna@lemmy.world to News@lemmy.world · 2 days agoWhy is the number of first-time US homebuyers at a generational low?www.theguardian.comexternal-linkmessage-square93fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkWhy is the number of first-time US homebuyers at a generational low?www.theguardian.comDavriellelouna@lemmy.world to News@lemmy.world · 2 days agomessage-square93fedilink
minus-squareWhats_your_reasoning@lemmy.worldlinkfedilinkarrow-up0·14 hours ago At today’s prices, a family would need to earn $126,700 a year to afford monthly payments on an average home purchased in 2024, up from $79,300 annually in 2021, according to a report from the Harvard Joint Center for Housing Studies. We are so screwed.
minus-squareM0oP0o@mander.xyzlinkfedilinkarrow-up0·14 hours agoAnd they think someone can save for a down payment how? If you need 6 figures to afford the payments who can do that and have a down payment?
We are so screwed.
And they think someone can save for a down payment how? If you need 6 figures to afford the payments who can do that and have a down payment?