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The story opens with a story about Central Florida. This is more widespread than “a handful of metros” right now. And sure, when people say “struggle to buy” w

The story opens with a story about Central Florida. This is more widespread than “a handful of metros” right now. And sure, when people say “struggle to buy” we’re talking about securing rough parity in their lifestyle as renters. Yes, they can likely go and start gentrifying a grossly unfamiliar neighborhood that needs housing for its own community, or maybe find a rough home that has a low list price and unknown high maintenance costs, but they can currently provide much better for themselves and their families by renting. The market doesn’t always look like this. It has sometimes, it does now, and when it does it effects people. That’s the story. And that’s why its news. You’re not obliged to care about it, but if you’re just going to dismiss it without bothering to understand it, you can just skip along and read other things.

lotsofpulp 4y ago
The opening story is just a guy that needs to save for a down payment for a few years, not someone that is stuck renting forever: >With the city’s median home price up more than $100,000 during the pandemic, Mr. Robbins said he needs a few more years to save for a down payment even though he now makes six-figures. “It’s not what I envisioned, to be in a two-bedroom apartment with my son,” Mr. Robbins said. As opposed to someone earning $150k in SF/San Jose area or Manhattan or LA would not even be able to save up a down payment. Even then, dual higher earning couples could save for 5 years and afford a down payment. Or they can spend less and commute 90min to work.