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Why is the number of first-time US homebuyers at a generational low? (www.theguardian.com)
submitted 1 year ago by to c/usa@midwest.social
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[–] 34 points 1 year ago (1 child)

The bank won't approve a $1500 mortgage so I pay $2000 in rent

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  • [–] 3 points 1 year ago*

    Hahaha I feel you. I'm paying $1.2k more in rent because I can't get a mortgage approval for less than what I paying now because I allegedly don't make enough. I have a credit score over 800 and could comfortably make the lower mortgage payments, but instead I'm being bled dry. 🫠

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