Just popping in to say it’s insane that a 750k house is positioned as reasonable in this scenario. The housing market is truly insane.

Before anyone else comments, I get it, the market varies depending on where you live. Around me, “reasonable houses”, that being 2 ish bedrooms, 1 ish bath, are somewhere between 250k and 500k. But that’s still disgusting. 10 or 15 years ago that would’ve been 60 to 150k, in my same area. I’m still kicking myself for not buying back then, not that I had the means, but I almost did. Now? Sheesh.

The crazy part is, renting isn’t even cheap!

Rent in my area is around 1.5k per month for 2 bedroom 1 bath… My rent has been lower than that thankfully, though climbing, but that’s the going rate.

With good credit, and 20k down, that could be a mortgage payment on an entire house twice the size. Still disgusting but at least then you’re building equity of some sort.

But who’s got that when 25% of Americans have no savings at all, and only 50% can cover 3 months expenses in an emergency?

Yet new housing is built all the time. Why? Because it’s lucrative for those with gobs of money, holding all the housing.

My landlord is no saint, but he has 2 buildings, 4 units each, with detached garages. They aren’t premium, slightly dated, but they’re miles better than slumlord stuff. Nice neighborhood too. I’d put my grandma in there. Yet he consistently keeps the rent at less than 60% of the local average.

Honestly he SHOULD charge more. But I’m not telling him that. He does it because he can’t stand the thought of gouging people to get rich. Though I’m sure he’s still making plenty, as his new truck would indicate. But still.

My neighbors complain about him, and one even left. Then begged to come back because other renters locally were more expensive, and less attentive. He let them back 🤷‍♂️