435
A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor'
(www.businessinsider.com)
this post was submitted on 14 Aug 2024
435 points (93.1% liked)
A Boring Dystopia
9747 readers
650 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Misleading statistic. This doesn't include parents/grandparents who buy houses and then put their kids name on the title. Nor does it include when parents pay for all their kids college expenses, or rent, or their cars... etc...
Yeah, my wife and I didn't inherit any money or get any kind of gift for a down payment but we wouldn't be homeowners unless our parents paid tens of thousands into each of our college educations.
My husband and I wouldn't be homeowners if we didn't live with my parents for over a decade saving up. Though I understand not everyone has that available to them.
If we'd had to rent an apartment it would've never happened. We also don't have kids, so that's a contributing factor too.
Even with all that, we could only afford a small, one story fixer upper that was an estate sale in the middle of nowhere. It's a house though, and we were very lucky to get it.
Yeah for sure, a vast majority of people in the United States receive financial help from their family. 70% or so. Less than a third don't.
Which I guess swings us back to the surprising fact that a broad majority of millennials can afford a home and a simple majority already own one. Just seems crazy.