Why is the number of first-time US homebuyers at a generational low?
commander @ commander @lemmy.world Posts 52Comments 175Joined 8 mo. ago
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Everyone I know around my age that have purchased either bought before 2019 in the smaller cities of Texas where it was a house or it was sometime 2020-2022 when rates were sub 4% and home prices didn't explode yet and those were condos. Also everyone was dual income or it was to co-own a house. I know one person that purchased by themselves but they sleep in the smallest room and rent out every other room to siblings and friends
Since some point in 2022, the only people I know that bought a home were a married late 30s couple that were high income and the home was like 70+ years old and a pipe burst and there turned out to be a lot of mold that made it unlivable for a period of time