Orlando realtor Freddie Smith discusses how owning a home and living a typical middle class life has become increasingly unattainable for most millennials and older Gen Z.

TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.

  • EveningPancakes@lemm.ee
    43·
    10 months ago

    TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.

    Maybe in the middle of nowhere America. Meanwhile my wife and I make well above that in Los Angeles and we can’t afford the monthly on a two bedroom house in a sketchy neighborhood.

      • ZombieTheZombieCat@lemmy.world
        12·
        10 months ago

        Being born there, living your entire life there, your whole family and all your friends are there, you went to high school and college there so it’s easier to transfer to a CSU for grad school, and cheaper because you won’t have to pay non-resident fees, etc etc. The same reason people don’t move from other places. Besides, it takes a lot of savings to move, especially out of state, especially when you have to keep going back and forth to look at places. There’s also just not wanting to move. I am really not ok with being forced out of my home and away from my family because of bullshit like this.

        And yes the weather really is that good - in Southern California.

      • licherally@lemmy.world
        4·
        10 months ago

        I’m sorry, you think people that can’t afford a basic living situation in California are able to up and move their entire lives that easily? Do you have any idea how much that costs?

          • licherally@lemmy.world
            2·
            10 months ago

            If you already live in a place that is difficult for you to afford, how are you supposed to be able to afford moving to a different state? You’re having trouble paying rent/mortgage, but you’re still able to save a few grand to move your whole life across state lines? What about changes in your income due to the change of state?

            There are so many more factors than “you make x, this place costs y, so move dipshit.”