[millenial4freedom]

but I thought the elites said we should be happy because inflation is coming down?

[brownsfan]

You’ll own nothing and be happy.
- Klaus Schwab

[PGR88]

Polyamory adds another paying adult to the equation. Its a win for government and Wall Street!

[FlingWingFlyer]

However, Bidenskkyyyyyy is going to make sure the illegal alien invaders will be able to afford a new home. Everyone knows they’re going to need an address to send their filled out stacks of banana boat ballots from.

[Liaison]

Two parent household with good jobs to afford a home now.

[Gen.Blather]

Builders near me are still building feverishly. Whole neighborhoods near me are sitting unsold. I fear they’ll go Section 8.

[Raycpa]

Abusing the math challenged. Half of homes are below median.

[SharpRightTurn]

Too bad we all can’t be as smart as Dementia Joe, who owns several large residences on a government salary.

[proxy_user]

About 32% of households in the US have this income. That’s about 38 million households.

[dfwgator]

Every productive person on the planet wants real estate in the US, that’s what’s driving the prices out of range of the average American. Most of that demand is driven by folks from India and China.

[Round Earther]

Works out if you are a seller.

[fruser1]

Throw in a car and they are effectively homeless.

All going as planned.

[aquila48]

You’ll need a lot less in Detroit, Baltimore, St Louis...

[Zathras]

Try buying something in Hong Kong or Switzerland.
Its expensive all around the world.
Only in the USA are we guilt tripped into giving free stuff to freeloaders.
“Who is John Gault?”

[aquila48]

“The median sale price of a home in Detroit was $85K last month, up 6.3% since last year. The median sale price per square foot in Detroit is $69, up 4.5% since last year.”

That’s like a $500 mortgage payment at 7% interest!

[SamAdams76]

What articles like this ignore is that most homebuyers already own a home so they are typically using the proceedings of their current home sale to buy their new home. That's how I started out. I bought a starter ranch home when I was 28 and then upgraded to a four-bedroom colonial about 10 years later. By then, I had a lot of money from the sale of my ranch to put down on the colonial. I never would have been able to afford the colonial as my first home.

As for first time homebuyers, they are usually not starting from zero. Usually they have some sort of inheritance or family "loan" to supplement the downpayment of their first home.

Also, many "first time" homebuyers are essentially inheriting the house they grew up in from their parents when they retire. In those cases, the aging parents might take an "in-law" apartment in the home while their grown children take over the mortgage and maintenance.