this post was submitted on 03 Nov 2024
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Mildly Infuriating

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My salary didn't change at all, but homes went up 82%. The money I saved for a down payment and my salary no longer are good enough for this home and many others. This ain't even a "good" home either. It was a 200k meh average ok home before. Now it's simply unaffordable

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[–] [email protected] -3 points 3 weeks ago (2 children)

What I'm hearing is that houses have the ability to be a great investment.

Work to get a house and then when you are old and ready to retire you sell and then have a great retirement.

[–] [email protected] 5 points 3 weeks ago (1 children)

Where tf do you live then? You're just gonna need to buy another home

[–] [email protected] -1 points 3 weeks ago (1 children)

You downsize to a small apartment for older folks.

[–] [email protected] 1 points 3 weeks ago (1 children)

Those cost more than a house! The one my friends dad lived in where it was all in the same building and the staff was there just in case you fell was 4k a month.

[–] [email protected] 2 points 3 weeks ago

It depends on where you go. You probably don't need much in terms of space and features.

[–] [email protected] 4 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

…until you realize that you still need a place to live after retirement, and any house you’re buying will have the same average increase across the board.

[–] [email protected] -2 points 3 weeks ago

I'm talking much later in life when some of the basic things become a little harder but still doable. You move into an apartment that is for older folks.