Are they counting illegal aliens.
look at nyc. lots of homes that were single family in the 1920's are carved into 10 or 20 apartments today.
more and more single family homes around here (FL) have 4+ vehicles parked in front of them at the end of the day.
Graphic is rough idea, for those who are inclined to quibble.
Majority Of Americans Can No Longer Afford An Average House
~~~
Probably still a Majority of Americans, but I Think a more accurate headline would be “first time home buyers’.
There is a significant portion of Americans who already have at least some equity in a current home, and could use its sale toward a new one, lowering the monthly payment on the new purchase and thus lowering the income requirement to stay under 30%.
It’s because Blackrock is buying homes to rent for the new illegals.
So........that should self-right the ship. Leave it the eff-alone.
Houses are easily over ten fold in just the past couple years where I am. You will own nothing and like it. Or not. Now shut up and eat your bugs.
It is no wonder the marxist democrats are salivating over the “unearned” income taxes.
That’s exactly what the azhos in the Biden/Harris/Tiny Tim Tampon/Obonzo administration want.
It seems like all the rest who CAN afford a new home are moving here. I haven’t seen so many new home builds here in 22 years!
No asylum claims, put troops on the border.
Anything less than this will destroy our country in the next decade or two.
You will own NOTHING and you WILL be happy.
The destruction of the Middle Class is proceeding on schedule. Start the gun confiscation band wagon. All you low information voters believe what Cowbeller says and vote her into the White House and the takeover will be complete.
Years ago, when I had a mortgage, the monthly payments INCLUDING TAXES AND INSURANCE were around $1,300 per month.
Now, the taxes and insurance alone are over $1,000 per month.
The assessed value keeps increasing, driving up everything except our standard of living.
Let’s go Democrats!
This is simply what happens in a nation in decline.
I remember (back a million years ago) when a newly wed couple were first looking to buy a modest house.
Because of high interest rates and more importantly the very high down payment required, we were “locked out” of the housing market.
We waited a few years until terms had changed.
So you can still buy a house for 380,000. Why does it take so much more now to afford one, other than rise in mortgage rates?
Vanguard and blackrock. Making more renters and a serf society.
Finish your education, work hard, play by the rules.
No longer produces an American success story.
It depends on where you live.