Orlando realtor Freddie Smith discusses how owning a home and living a typical middle class life has become increasingly unattainable for most millennials and older Gen Z.

TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.

  • aesthelete@lemmy.world
    5·
    10 months ago

    At least part of the equation is that Trump pressuring the Fed to lower rates (that were already historically low in the first place) to add even more fuel to what already was an overheated market prior to COVID completely wrecked the housing market for the foreseeable future.

    I bought in 2020 and I’m glad I did because if I hadn’t I would’ve likely been permanently priced out.

    • PrincessLeiasCat@sh.itjust.works
      2·
      10 months ago

      Yeah, I bought a couple years before and I’m glad I did, but it’s really sad to think of everyone who couldn’t or didn’t for whatever reason.

      Everything is so messed up now and the uncertainty will probably continue for awhile.