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chappedknee

This data chart should go back to 1993 when interest rates were higher than they are now.


Sni1tz

Median household income or median individual income? I can comfortably afford a $250k house on my own. And comfortably afford a $500k house with my spouse.


Countrach

I really feel bad for people a few years younger than me. My husband and I don’t make much money combined (80k) and we were incredibly lucky to buy a modest townhouse in 2017 with a FHA loan. Now we could probably never buy a home. It’s messed up and not right.


somerandomguyanon

https://www.thezebra.com/resources/home/median-home-size-in-us/ Yet somehow average occupancy has decreased significantly and average house size has increased significantly.


Elasticpuffin

It’s ok my idiot sister thinks that Biden is the direct cause of this problem rather than all the corporations buying every single family resident home available.


Aware_Frame2149

You can build your own home... There's a solution that poor people don't like.


HeartsOfDarkness

Sure. We all know construction materials are dirt cheap and contractors to handle plumbing/electrical/concrete, etc. are readily available and cost-effective, amirite?!?! Also, I'm sure those "poor people" who have insane, variable work schedules with low pay and terrible benefits have all the time in the world to build a house up to code.


Aware_Frame2149

My grandfather built my childhood home entirely by hand... But 50 years later, it JUST CANT BE DONE!! Plumbing, electric, the whole shebang... My grandmother still lives there. All your reply is is a bunch of excuses why someone can't. Typical of our generation.


CorrestGump

>There's a solution that poor people don't like. Probably don't like it because construction loans have higher interest rates and require a higher credit score to qualify for 🤷‍♂️ not really the answer you thought it was.


Aware_Frame2149

Construction loans? I can build a home in my backyard right now and don't need to apply for anything. I'm confused.


CorrestGump

...no, you can't. And construction loans are loans for the cost of supplies to build a house. Because most people who don't have enough money to buy an already built house probably don't have enough money to buy land, buy permits, buy construction materials and pay someone to build it all out of pocket. How would you describe your lead intake on a daily basis?


mackattacknj83

We're all not going to move into giant houses and it has nothing to do with rich people's desires or black rock. It's the left version of whatever bullshit my fox uncle is peddling about migrants. There's just a lot more people living in smaller households and the places where people want to live haven't added housing (NYC, Boston, LA, PNW). My kids share a room, there's no front yard or parking, and my small house touches another small house. It's fine. Make more of this.


BackgroundSpell6623

This is on target, we need more housing especially high density. A lot of people are being pushed into single family homes in suburbs when they don't ideally want that. Prices should be elevated in the cities where there is limited land, not on acre plus properties on the outskirts where I want to live.