1y ago

The 'old American Dream died,' Realtor details salary needed to buy a home, afford a middle class life in 2024

finance.yahoo.com The 'old American Dream died,' Realtor details salary needed to buy a home, afford a middle class life in 2024

Orlando realtor Freddie Smith discusses how owning a home and living a typical middle class life has become increasingly unattainable for most millennials and older Gen Z.

TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.

Personal Finance @lemmy.ml

Blaze @lemmy.zip

1y ago

The 'old American Dream died,' Realtor details salary needed to buy a home, afford a middle class life in 2024

finance.yahoo.com /news/old-american-dream-died-realtor-100050605.html

66 17

You're viewing a single thread.

121 comments

I will repeat this here:
While there are a lot of factors, you really cannot understate the size of the homes being built in the US. We are building homes nearly 3x the size (despite cost per square foot only going up slightly), and pretending it has no effect on housing costs. It's actually pretty insane.
- You guys really do build giant soulless houses in empty suburbs and think that living in an apartment is a crime against humanity
  
  I would love to live in apartment if every one I ever lived in didn't have neighbors blasting their music at 3am.
  
  Because living surrounded by lifeless cement is crime against humanity. People need home, not voluntary prisons.
  
  Average suburbanite before he goes on a 6 hour trip to the grocery store
  
  You can have houses without sprawl.
  Both apartments and houses have their merit, both can exist as a viable shelter that fulfills people’s needs. We don’t need to argue over which things corporations and greed took from us is better.

121 comments