Poll: 70% of Americans between the ages of 23 and 40 who want to buy a home say they can’t afford…

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[–]SMCAB 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (1 child)

And I'll just go out on a limb and guess most of these people have been advocating for what's happening to them, and have been participating in unfettered capitalism, along with their parents, for their whole lives. I'm not saying it doesn't suck, everyone is getting squeezed.

I just don't feel bad anymore.

[–]jet199 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

It there was unfettered capitalism then there would be a building boom to capitalise on the high prices and demand and then prices would go down. That's not happening because building is restricted by politicians who own property and don't want to see a price drop

[–]gloomy_bear 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

I'm such a poorfag I'm trying to get out of neetdom just so I can afford a used car off of /o/'s guide. I'm not even thinking about buying a home ATM. I'm 24 BTW.

[–]Hematomato 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

It'd be nice to see that 17-year range tightened a little, because... no one really expects people in their twenties to be buying homes. That hasn't been common for like 75 years. My whole life I've never personally known a 23 year old homeowner.

But if you're in your thirties and starting a family, yeah, it'd be good to be able to do it in a decent house.

[–]jet199 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

It's not that they can't afford it, it's that they can't justify the cost.

If you actually sit down and work out what a house will cost you once you've paid for it and the interest and the repairs then renting is cheaper at the moment, no matter how much people moan about it.

Houses simply aren't worth what they cost in most places and are only worth buying for investment. A hell of a lot of landlords rent themselves.

[–]Jiminy 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I had annoying roommates when I was younger, and then got a one bedroom apartment for myself, which had higher rent of course, but then other neighbors in the building annoyed me. Some were cool that I got along with. But it's a crapshoot, people come and go and some are cool and some are crazy. I was willing to pay more to buy a house with land around it. It does cost more than renting but not by a lot. Of course I did it years ago before interest rates went up which effects a lot.

Right now I'd recommend to someone to rent with a bunch of roommates to pay as little as possible, save money, buy a house if/when rates and prices go down, that may be in a few years. I predicted before this election to help biden but I'm not sure on that.

[–]SerpensInferna 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (4 children)

I bought a house in my early 20s (late 2000s). It was a crappy house, but it was a house with a yard and off-street parking. I put some work into fixing it up, but was unable to sell it without losing money thanks to the market crash. So I stayed, watching the neighborhood around me get worse and worse, thanks to an influx of niggers.

I watched cops take down a nigger with a gun on my front sidewalk. An elderly (white) man got mugged in the middle of the afternoon two blocks down. Ghetto neighbors moved in, set up subwoofers in their backyard and played hip hop all hours of the day and night, whether people were actually in their backyard or not. There was a youth center down the street, gangs of roving niglets started kicking in people's doors, spraying graffiti, destroying lawn ornaments, shooting BB guns at houses. I'm not making any of this up, I really wish I was.

Anyway, I digress. When Covid happened I was finally able to sell for a small profit and I got the hell out of town. I found a nice little condo for a reasonable price, but I've been looking at houses again, and the prices are absolutely insane for what is being offered. I honestly don't know if I will ever be able to afford another actual house, and it's depressing as shit.

[–]Jiminy 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (3 children)

Niggers are spreading so that's like a microcosm of what'll eventually be everywhere, but when prices are high it keeps them out. Gentrification. You don't want the prices to be low or there will be niggers there if there isn't already. Don't you make a lot more now than when you were early 20s?

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

This made me chuckle.

[–]SerpensInferna 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

The increase in housing prices during the past 3 years has effectively cancelled out any increase in salary I've gained over the past twenty years.

[–]Jiminy 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

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