“My nephew became a CEO at age 23. He’s 25 now and owns 4 houses. So this article is wrong.”
“I bought my first house in 1980 and interest rates were 19%. It wasn’t easy, but I made it work. Young people today just need to pull up their boot straps.”
“If young people just stopped buying coffee at Starbucks, they could afford to buy a house.”
A lot of older people fail to grasp how much this country has been fundamentally changed.
Couldn’t agree more.
I agree. It depends where you buy. My daughter and her husband are looking to buy in Oklahoma and the houses are fairly cheap and rent is comparable to the mortgage payment.
For one thing, people need to lower their dreamy expectations and find a home they can afford, dream houses are for rich people.
I sacrificed to buy my home in 2015.
10 years later it was the right decision.
And so you live in one house at at time.
What does he do with the other 3? Let them sit vacant, and worsen the housing shortage?
Or rent them out?
Agreed re: home ownership. It’s become much more of a challenge.
Agree I bought my first home in 1979 and my husband and I lived in a crummy little 1 bedroom apt and drove beater cars until we saved up the $3,000 down.
Young people now live a lifestyle that eats up all of their monthly income. They don’t save.