Comment on Houses in my area increases 82% in just 4 years
11111one11111@lemmy.world 1 week agoThat you don’t understand the realestate market? Or you didn’t know this has been projected for a decade now from millennials getting as old as the avg age of first time home buyers and being the largest % share of the US population creating more demand than available supply?
pumpkinseedoil@mander.xyz 1 week ago
More like that they probably are too young to have bought a home earlier. All people in their 20s (and I think we make a large percentage of Lemmy users) simply have to cope and buy some overpriced home regardless.
11111one11111@lemmy.world 1 week ago
To add to that, we also the only generation who lived thru the only housing bubble giving a hesitation to the concept that realestate has always been the safest investment. They’re buying high but are able to control most of not all extrinsic variables that could keep them from selling higher than they purchased. They’re aren’t many was to spend money that you 100% either control the out come of or can insure what you cant control. The exceptions like community wide property value loss are still specific to the properties location that you decide before purchase. I know there are cases where your research before buying can fuck you but it’s still more control than investing in the market where everything about the value of your asset is out of your hands, all you can control is how it’s value is managed.