The main driver of the “I’ll never be able to buy a house” narrative are mortgage interest rates, which are transient. When rates go back down, people will suddenly be able to afford many more options. But yeah, every now and then I look at how much house I could buy in Michigan…
Yup. And people keep posting from the hottest markets in the US. “I can’t believe the prices in Palo Alto!” Live in a rural area and have a shitty commute like the rest of us.
One of the issues with that is that unless you are WFH, you would very likely have to find another job that is commutable. With local salaries more of less being intertwined with the housing, (see cost of living) the new job would also very likely put you in the same position you started with.
I’m more than mildly infuriated I will likely never own a home.
Have you tried looking for a home somewhere undesirable
What? Like in-between lanes on the freeway?
I was thinking Ohio, but sure
Please keep spreading this narrative. Gotta keep housing prices down. Got an awesome price on my new house several years ago.
The main driver of the “I’ll never be able to buy a house” narrative are mortgage interest rates, which are transient. When rates go back down, people will suddenly be able to afford many more options. But yeah, every now and then I look at how much house I could buy in Michigan…
Yup. And people keep posting from the hottest markets in the US. “I can’t believe the prices in Palo Alto!” Live in a rural area and have a shitty commute like the rest of us.
One of the issues with that is that unless you are WFH, you would very likely have to find another job that is commutable. With local salaries more of less being intertwined with the housing, (see cost of living) the new job would also very likely put you in the same position you started with.
have you looked into the United States department of agricultures direct loan program?