First-Time Home Buyers Are MIA. Landlords Are the Winners

https://www.wsj.com/economy/housing/first-time-home-buyers-are-mia-landlords-are-the-winners-4c60cdb2

9 5 1 year ago

timebound• 1 year ago

What do you expect from someone like me?

Graduated in 2007. Housing crash. Got better job in 2016 that provided middle class income. But, prices were still high. Many of my friends, and many people on temporary visas, green cards bought en-masse until 2020.

Covid pumped 4.5T to the economy when it was not necessary. This tripled prices on west coast. I remember seenig Shit houses in Bothell, WA. Now, prices are $1.2M for what looks a large rows of slums. It's disaster over disaster.

Well, layoffs did not help since 2022.

What a fucking shitshow.

kadushka• 1 year ago

Move somewhere cheap and work remotely.

megamike• 1 year ago

These are the places across the U.S. where you can still buy a home for $300,000 or less, including 22 major cities see the full report for the entire list of cities: https://rltor.cm/lle3jk

bell-cot• 1 year ago

From what I've seen - it would not matter much if there were 10M would-be first-time home buyers all yearning to get it. The needed homes do not physically exist. So everybody who failed to "win the auction", for one of the limited number of homes, would still be stuck paying a landlord.

dlcarrier• 1 year ago

https://archive.is/Q263Q

First-Time Home Buyers Are MIA. Landlords Are the Winners

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