A Boring Dystopia

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The average age of U.S. homebuyers jumps to 56—homes are 'wildly unaffordable' for young people, real estate expert says (www.cnbc.com)

submitted 1 week ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] Buelldozer@lemmy.today 12 points 1 week ago (2 children)

Homes are wildly unaffordable for nearly everybody! In the last decade literally hundreds of homes have been built in my town that sell for over $500,000. I want to know who the hell is buying them and how the hell they are affording them!

I have no idea how my son, who is 24, is going to buy a home of his own and at this point I'm wondering if I should sell my current place for a compound with enough space that I can turn into a multi-generational place so I can leave it to him and his family when my wife and I die.

[–] LunchMoneyThief@links.hackliberty.org 1 points 1 week ago

I want to know who the hell is buying them and how the hell they are affording them!

Blackrock and other investment firms.

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