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Home prices increased on an annual basis for the 24th consecutive month to reach record heights.
  • gravitas_deficiency@sh.itjust.worksEnglish
    29路
    9 months ago

    Jesus tapdancing christ. National median house price is near on a half fucking million dollars.

    Anyone who wants to buy in or near an urban area: good fucking luck

    • Scott@sh.itjust.worksEnglish
      22路
      9 months ago

      It鈥檚 all the corporations buying up homes for use in mass scale rentals. Saw a report somewhere that in 2024 they bought ~40% more homes than in 2023.

      Also fuck copy paste homes

      • gravitas_deficiency@sh.itjust.worksEnglish
        18路
        9 months ago

        They鈥檙e seriously trying to make all of us plebs perma-renters. They鈥檙e all artificially inflating the housing market, because they鈥檙e trying to min/max as much as they can before the absolutely insane bubble (that makes 2008 look like fucking bush league) that鈥檚 gonna pop sooner than later, imo.

        • shalafi@lemmy.worldEnglish
          5路
          9 months ago

          Insanely short sighted. Home ownership is the #1 path to economic gain for most of us. Take that away, we have less money to spend and that ain鈥檛 good for capitalism.

          And yes, when this pops 2008 will be a fond memory. Houses simply aren鈥檛 worth that much, not even close. Got our Habitat for Humanity home at cost, pretty small 3br/2ba, fairly large yard. Total cost to build and buy the land? $80,000.

          And BTW, I don鈥檛 mean appreciation alone. When you own a home you can save and make money in ways that are impossible or impractical for a renter.

    • neomachino@lemmy.dbzer0.com
      8路
      9 months ago

      My wife and I are in the process of buying our second home. When we went to get preapproved we were worried we wouldn鈥檛 qualify for the mini farm we were looking at. We qualified for more than we needed just on my income alone. I make $78k a year and they said they鈥檇 give me close to $500k. Those payment would be almost my entire monthly paycheck.

      It鈥檚 predatory.

    • Obi@sopuli.xyz
      3路
      9 months ago

      And that鈥檚 with maxing out your mortgage allowance, which I honestly wouldn鈥檛 recommend if you can avoid it.