• collapse_already@lemmy.ml
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    27 days ago

    Boomers were buying houses 45 years ago. Buy 30 years ago they were on their third or fourth move. I think the struggle of buying a $35,000 house on an annual $12k salary was a little different than the fantasy of buying a $500k house on a $36k salary.

  • Two_Hangmen@midwest.social
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    2 months ago

    The median price of a home in the U.S. is about $460,000.

    Let’s say by some miracle someone is able to put 20% down to avoid PMI so the cost is now $368,000. On a 7% 30 year loan your monthly payments will be $2,448/month.

    So if those darn Gen Z would stop spending $80, literally every day, at Starbucks, they could afford a home.

    People that say shit like this are wealthy enough to be completely out of touch with reality.