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A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor' (www.businessinsider.com)
submitted 2 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world
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[-] MoogleMaestro@lemmy.zip 24 points 2 months ago

Over the past three years, the couple, who are both 36 and live in a suburb of Portland, Oregon, have been looking for a home.

Yeah, it be like that here. Most houses are costing around 1,000,000 in the Portland area due to wealthy techbros moving from San Fran.

[-] chatokun@lemmy.dbzer0.com 4 points 2 months ago

Sure, but it's also harder to have that pay in areas that don't charge that much. It's like real estate keeps rising prices right until it uses up almost all your money...

[-] buddascrayon@lemmy.world 4 points 2 months ago

There's also a trend of hedge funds purchasing land and homes with the sole purpose of renting or using them as Airbnb's as a method of "investing".

this post was submitted on 14 Aug 2024
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