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I have been exceptionally lucky by being in the military because our housing allowance matches the local area (generally slightly behind big market changes, though) or am just given housing with utilities paid and they take the allowance away. Also, VA loans allow for 0% down loans, which means for the same as (or in my experience, less than) rent, you pay mortgage. And the house I bought in 2017 for 180k sold for 300k in 2022 and I did little more than live in it.

Now I'm buying a house where I will be retiring, and it's 750k. Vicious, but doable. I don't know how other people live here (VERY high cost of living location in Alaska).

Edit: forgot to add, I'm 41, so working on buying my second house. Hopefully I'll still be able to afford it in 4 years when I retire.

I feel there must be a correlation between houses, bitcoin, and meme stocks like Tesla. But it could be anything.

First time buyer at 52 here... all it took was a heart attack forcing work from home a year before the global pandemic, then 2 more years WFH to bank $30K in cash for the minimal down on a $390K house.

Mortgage is just over $2K a month, while the rent on our last apartment had been $1,800, is now $2,300.

My retirement plan is to _____ a Blackrock board meeting

Millennial here pushing 40.

It took 4 years of savings, some CC debt and assistance from my family to get into my first home...

And that's with dual income, no kids.

Good luck everybody. I'm with you when you start burning shit. I have not forgotten what a damn racket the rental market has been for the last 6 years.

In my 30s

At this point my wife and I are considering buying property we can put a well and septic on, and park an rv.

Millennials are pushing 40

Yep. I hate it and everyday i think about just bailing to somewhere

I HAD a house.

Now my bullshit never worked a full-time job in her life ex has it. Just wait, 3 years she won't be able to afford it, then BOOM we:re both renting again.

Wait in vain

Lmfao it's not in vain if we don't expect it to ever happen is it?

I'm already 46 and we kind of have the money, but not for a house in a reasonable area.

The current gen coming into the market will mostly never own a home. That’s just how it is. Watch for increased anger toward the system. Unfortunately, predators will reshape the anger toward marginalized groups rather than oligarchs. Make no mistake: the system is rigged and we’re all getting boned by the elite.

Yup - had the ability (and even tried last downturn) to buy but was consistantly outbid by overseas (and domestic) cash, after 10+ years of trying I finally decided to buy land and go through all the red-tape and expense of buiding something new. Turning houses into financial instruments was a real mistake.

I really expect the market to dip, and trump to force low interest rates.

Redfin and the entire housing industry has a large financial incentive to avoid a crash tho, so people waiting for lower prices is bad, they want people panic buying now instead.

Can confirm. Bought a house in my late 30s.