A Boring Dystopia

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Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward (finance.yahoo.com)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 27 points 10 months ago (1 children)

The problem tends to be that houses are being built but they're not the right houses. They're all really expensive houses, there's nothing for first time buyers.

[–] [email protected] 4 points 10 months ago (1 children)

So true. Where I am, a podunk town in the deep south, most of the homes being built are 4 bed, 1800sf+. The 'starter' homes with 3 beds, 1200sf are still like $185k which is ridiculous compared to what people make around here.

Even building condominiums would be an improvement. Personally, I hate condos (because I own one) but at least it gives people the chance to own something.

[–] [email protected] 5 points 10 months ago

I know you said compared to what people make, but I would kill to see a starter house for under 200k... Where I am (not NYC not Cali) the cheapest is 300k for a twice burned down glorified shed in a flood zone and in the worst parts of town. It's absofuckinglutley insane...