Hell Yeah - SLRPNK

Lemmy

Just a constant reminder that gen home ownership by individuals is up. But who cares, let’s be doomers all the time. The economy certainly didn’t have any effect on anything important like an election or something.
Fuck gen z. Millennials have had it way worse and have been beaten to death by the economy since our late teens.
Graduated in 09. No mommy money here 🤷‍♂️.

When did you buy? 2017/2018/2019?

The last time I could even think of getting a house was back then, and the prices here went up at least four fold.

Most millennials I know can’t afford houses and never could. If they didn’t buy before covid they can’t buy until the market crashes again.

Home prices are rapidly falling in my area after several years of out of control growth. The real problem is interest rates, which add hundreds of dollars per month to mortgage payments for the same home price. Fortunately interest rates are temporary and are starting to go down too.
Where are you? In vermont prices just go up and up. I don’t even pay attention to interest rates as the prices are far beyond what I’m capable of.
Austin, TX. Prices here more than doubled from 2019-2023, but have been falling for well over a year now. A ton of new homes and apartments are still hitting the market too, so I doubt we’ve hit the bottom.
They built housing and aren’t a retirement home for boomers who like to ski and golf.
I just looked on Zillow at house prices in Vermont and there are some fucking good deals, but not in the really desirable areas like where you probably want to live
They’re likely not good deals. They just look good to out of state money.
I’m seeing huge fixer uppers on 2+ acres for sub $250K well outside the main population centers
You need to be in vermont to understand how feasible these places are. The work required for any deals is usually major and getting the labor to do it is a long waiting list.