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Why is the number of first-time US homebuyers at a generational low?
(www.theguardian.com)
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this post was submitted on 13 Jul 2025
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United States | News & Politics
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I’m not paying 500k for a “fixer upper” in a shitty neighborhood that sold for 50k 10 years ago.
When we were looking a few years ago, the only thing under $250k was a house built in 1897 that shared the property line with a hoarder shed that had a family of raccoons going in and out while we were looking at it in the middle of the day.
It's either that, the $500 fixer-upper, or the $800k new construction. And I'm in the Midwest, not even in a high COL area.
And that 800k new place is built like absolute shit. They tossed that up in a couple months. Didn’t even drywall the garage interior. It’s basically a shack.