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// The avg American is completely priced out of owning a home right now And yet somehow places I visit (which lately has been between NY, Ohio, and Florida) ha
by xyzelement 3y ago
// The avg American is completely priced out of owning a home right now
And yet somehow places I visit (which lately has been between NY, Ohio, and Florida) has young families living in houses. I am not saying there's no challenge but your comment would imply that these houses are standing empty because nobody can afford them when in reality each one coming to the market is immediately snapped up mainly by families looking to expland.
- latentcall 3y agoIn my area these houses are snatched up by real estate companies and turned into rentals within a week of closing.
- xyzelement 3y agoWho is living in those rentals?
- swells34 3y agoYoung people paying a massive portion of their income (significantly larger than previous generations) just to have a roof, and gaining zero equity in the process. Hence "renting", as opposed to "owning".