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Why is the number of first-time US homebuyers at a generational low? (www.theguardian.com)

submitted 17 hours ago by Davriellelouna@lemmy.world to c/usa@midwest.social

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[–] AbsolutelyNotAVelociraptor@sh.itjust.works 36 points 17 hours ago (1 children)

I'm gonna go ahead and say, without reading the article, that stratospheric prices of housing and frozen wages since the early 2000's might be the reason.

But this is just an uneducated guess, I'm probably wrong...

[–] Carvex@lemmy.world 27 points 16 hours ago

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