Skip to comments.Homes "unaffordable" in 99% of nation for average American
Posted on 10/01/2023 11:10:08 AM PDT by RomanSoldier19
he typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.
That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.
(Excerpt) Read more at msn.com ...
More than 65 percent of Italians aged 18 to 34 live at home with their parents, and nearly three quarters of them are men, according to the latest data from Eurostat, the statistical arm of the European Commission. Italy has even coined a term for these men: "mammoni" or "mama's boys." Why adults in different parts of the globe live at home with their parents
is it a surprise that a majority of home owners earn higher than the average, and a majority of renters earn below the average. It’s been that way for decades.
Who are they saying makes 70k.. that’s a lie. You will own nothing is just warming up.
What they fail to mention is the ridiculous price of housing to begin with and that they were getting severely screwed as well.
This is how these morons justify the terrible economy we are now experiencing.
All as planned. Bankrupt the entire country.
Usher in the rest of their utopian Communist ideas with ease.
Technology should be driving prices down, not up.
A 3D printed house cost roughly 2/3 what a frame house does.
Computers, televisions and the like are much less expensive than they were 40 years ago, due to improvements in manufacturing.
Houses should be the same, why not?
In the past you took whatever interest rate you could get in hopes that you could refinance in a few years at a lower rate. This is a plan people can continue to follow though there is no guarantee that rates will get significantly lower within a reasonable time.
Bit there is plenty of government money to house tens of millions of illegals for free.
How do they get it to the building site? Where does the power to run it come from?
If we import 20,000,000 more ill-educated folks across our southern border, these numbers will go much higher!
And, millions of illegal aliens? One suspects they enter into the mix.
Sitting on your phone all day browsing Fakebook and reddit, eating out 7 days a week, spending $1000 on taylor swift tickets, going to miami beach 2-3 weeks a year, flying to daytona yearly, and vegas. OMG housing costs are too much for regular milenials.
Median income is a better metric. Super high income earners skew the average. Median individual income is much lower than $70K nationally.
Correct. The constant increase in home prices over decades does not reflect the nature of a healthy economy and people. Or the middle class and America, was a outlier.
Innovation, technology, and production advancements should reflect on housing. Instead, government fingers on the scale via artificial low interest rates for decades, nimby, tax advantages, global financial investments, outsourcing, have made housing unaffordable for many.
Even for those who can afford it, there is a HUGE risk of being taxed out. With the new assessments in our area, based on the “hot” real estate market post Covid, many seniors are being priced right out of their no-mortgage homes, between the increased taxes and insurance.
True all of those factors distort the housing market and cause prices to be higher than they would be otherwise.
Prelude to property confiscation for the common good.
When I hear those words I start getting the feeling of Deja-Moo. Like I have smelled this BS before.
So I went to tour their "model homes" and not only are they a half a million, not $99,000 but they all seem to be computer generated images.
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