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0 sats \ 0 replies \ @SatsMate 2 Jun \ on: Stuck in a Starter Home econ
It is hard where I am at. The average home in my area varies between $625,000 & $750,000.
Unless I want to be a debt slave, I need to keep renting. I've been renting for 6 years saving up money now, and it feels like things are getting out of reach as prices keep itching higher.
See what all this central bank manipulation does? It creates a few winners, a few doing well, and many "losers".
I am hopeful we see either home prices fall, or interest rates fall. In the end there is so much inventory that is sitting vacant right now, and myself who is trying to start a family is trying to pencil out the numbers and it just doesn't make any sense at this time.