The average age of U.S. homebuyers jumps to 56—homes are 'wildly unaffordable' for young people, real estate expert says - eviltoast
    • Rekorse@sh.itjust.works
      link
      fedilink
      arrow-up
      5
      ·
      10 days ago

      Okay so 600k? Even still though, a million dollar home you own thats gone up far over what you paid for it is going to leave you with a lot of options.

      Its confusing to me that you need to upgrade and so are upset about the housing situation. You seem to be doing well by any standard I’m aware of so I’m asking what do I not know?

      • eran_morad@lemmy.world
        link
        fedilink
        arrow-up
        3
        ·
        edit-2
        10 days ago

        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.

        • Rekorse@sh.itjust.works
          link
          fedilink
          arrow-up
          3
          ·
          10 days ago

          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.