News

22839 readers

3708 users here now

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.

2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.

3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.

4. Post titles should be the same as the article used as source.

Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.

5. Only recent news is allowed.

Posts must be news from the most recent 30 days.

6. All posts must be news articles.

No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.

7. No duplicate posts.

If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.

8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.

9. No link shorteners.

The auto mod will contact you if a link shortener is detected, please delete your post if they are right.

10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago

MODERATORS

[email protected]

389

An affordability crisis is making some young Americans give up on ever owning a home (www.cnn.com)

submitted 7 months ago by [email protected] to c/[email protected]

101 comments fedilink hide all child comments

Americans are living through the toughest housing market in a generation and, for some young people, the quintessential dream of owning a home is slipping away.

Mortgage rates surged in recent years, hitting the highest levels in more than two decades last fall. While rates have come down slightly since then, home prices remain painfully elevated and a limited inventory of housing is still failing to keep up with demand. Such conditions mean that housing has become woefully unaffordable.

Falling mortgage rates in recent weeks have helped, but home prices could remain sticky, according to economists. It’s still a cruddy time to be hunting for a home, but it’s even worse for young, first-time buyers who need to save up for a down payment and build up their credit score during a time when Baby Boomers are refusing to part with their big houses.

The situation isn’t a whole lot better for renters, with rents barely coming down from record highs and half of tenants in that market saying they can’t even afford their payments.

The uneasiness over America’s affordability crisis is captured clearly in surveys and polls, but data that outlines the sentiment specifically among young people is limited.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 7 months ago (1 children)

It’s also unfair because most of my problems exist because of unfairly distributed wealth

I mean, you support the disparity in wealth when you think you deserve more before others who have less.

If living in cheaper areas isn't good enough for you, why should you get more before the people who live in these places? You already have more than them, but you think you deserve even more without being able to afford it.

That's textbook entitlement and hypocrisy. This is why you people get mad whenever I suggest moving to cheaper areas. You don't want to acknowledge your own contribution to the problems.

[–] [email protected] 0 points 7 months ago

I mean, you support the disparity in wealth when you think you deserve more before others who have less.

That is just... mathematically wrong.

If living in cheaper areas isn’t good enough for you, why should you get more before the people who live in these places? You already have more than them, but you think you deserve even more without being able to afford it.

What you are doing is textbook for trying to make the lower classes fight amongst themselves. Yes there are disparities between the people belonging to one class but they are way way smaller than the disparities between the classes. It's also a strawman argument. Just saying "I don't want to be priced out of my home" is not asking for more. It's literally asking for no change.

That’s textbook entitlement and hypocrisy. This is why you people get mad whenever I suggest moving to cheaper areas. You don’t want to acknowledge your own contribution to the problems.

I get mad because you identify the wrong problem. The problem is not with people not wanting to leave their homes the problem is with the system pricing people out of their homes.