Maybe it has something to with home prices rising an average of about 7.5 % per year over the last 10 years which means more than doubling.
Bought my house 2 years ago and it had doubled in price since 2013.
this post was submitted on 13 Jul 2025
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Meanwhile, wages have not kept up, largely to support/advantage/non-impact for those who bought in earlier. Boomers take advantage of low taxes, low-cost services, etc. driven by low wages.
Even with low interest rates, the size of the necessary downpayment is prohibitive and exposure to interest rate related shocks are much greater.
And everything else is much more expensive for an expensive house, including insurance, which is also getting harder to get and more expensive due to climate change.
Tl;DR: Younger generations are not getting housing because of older generations. We all know the answer to this question...
Ya housing prices right now are a joke. What nobodies talking about is it doesn’t only affect buyers. Owners are getting screwed on their taxes. I am paying $500/month more this year than last in taxes alone.
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
It’s because all the realtors are woke!
Cost.
...could it be because they're only affordable to first-time US homebuyers with generational wealth?..
hcol, cant afford, and piss poor job prospects which seems to be intentional those entering entry level right outside of many majors/fields. the only lucky ones last decade was mostly tech.
When the headline is a question, the answer usually is 'no'. EDIT: It was a joke about headlines asking things that should be obvious by now.
Hmmm