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Home prices across the U.S. surge to all-time high (www.cbsnews.com)
submitted 3 months ago by to c/usa@lemmy.ml
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Fewer than 4 in 10 non-homeowner households can afford a typical starter home priced around $200,000, according to LendingTree. Households need an annual income of roughly $117,000 to afford the average home, real estate firm Redfin has found.

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8 comments in c/usa@midwest.social view that post
[–] 9 points 3 months ago (2 children)

I wish I could find these 200k starter homes.

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  • [–] 2 points 3 months ago

    I can tell you where they are, but you won't like the build quality.

    They also won't be built suited for the region and you'd better be bringing a large chunk of cash with you and be either wfh or be ready to commute 100 miles a day because you won't be making enough to afford their monthly costs relying on local employment

    Ohio

    Louisiana

    Missouri

    You know... The places most people don't want to live, and where the median household income is ~≤60k

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  • [–] 1 point 3 months ago*

    they exist in places you would not want to live, about 2-3 hours from major urban areas, often in rural or small cities that have high rates of poverty and drug use.

    the reason starter homes in desirable areas are a million dollar sis because people want to live there and the quality of life is very high.

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    • [–] 4 points 3 months ago (3 children)

    Idk man I’m just chilling and putting as much of my spare cash into foreign assets as I can and waiting for the crash, because it’s probably the only chance I’ll ever have of owning a fucking apartment or condo or house or whatever

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  • [–] 3 points 3 months ago (1 child)

    How are you putting into foreign assets? Any bundles like s&p I should consider?

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  • [–] 0 points 3 months ago

    You can pick ETFs that are targeted on foreign assets in particular fields, or non-US companies that are traded in US markets. Or you can get stuff in actual foreign markets if you wish, as well as opening foreign currency denominated accounts. There are a number of ways to do it.

    Do note that I am not a financial advisor.

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    • [–] 1 point 3 months ago

    Home prices in my area are falling by 5-10 percent.

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    1 comment in c/latestagecapitalism@lemmy.world view that post
    [–] 8 points 3 months ago

    I would like to weigh in with my professional opinion on this subject. Fuck CBS and fuck Bari Weiss!

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