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Housing affordability in the United States has taken a sharp turn for the worse in recent years, as house prices surged to historical highs during and after the pandemic and mortgage rates have risen steeply over the past three years, as the Fed tried to rein in inflation.

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Many people I know are just leaving the U.S. Who will be the buyer from all these boomers?
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Who will be the buyer from all these boomers?
Eventually, they'll have to sell at lower prices. A couple of years ago, demand for homes decreased dramatically and led to much lower transaction volume. As boomers exhaust their savings, those homes will start moving at prices people can pay.
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Yea, I think prices will decline, but I think a lot of these homes will just be gifted to their children as many of the younger generation can't rub 2 sats together.
I believe it will be pretty drawn out though!
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I'll be quite surprised if that happens. Boomers consume every resource available to them. They're going to be the first generation that inherits from their parents without passing anything down to their kids.
Those homes will be sold to cover lavish vacations, fancy cars, probably medical bills, and who knows what else. That's my expectation, anyway.
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Where are they moving to?
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Several people I know are moving to Thailand or Vietnam. I have a couple buddies that moved to Argentina and El Salvador as well.
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High interest rates can also be an issue in the housing market. When interest rates rise, borrowing becomes more expensive, which increases monthly mortgage payments. This reduction in purchasing power can further strain affordability for potential buyers.
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With interest rates about to be cut down, do you think the housing would become affordable suddenly and dramatically?
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We bought a house well before the pandemic but weโ€™ve outgrown it as a family and cannot afford to buy a bigger house. I canโ€™t imagine trying to buy a first home in the kind of market.
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Are you urban or rural?
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Rural
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So housing has become more expensive in rural areas too!
I had no idea. I assumed it was the cities and suburbs
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Where I am price per square foot is definitely higher in the city but rural houses tend to be larger and have more land so the overall price is higher.
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This should be the joke of the year!
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Love Willy Woo. ๐Ÿ˜‚๐Ÿ‘
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This is in large part a result of the neoliberals who deregulated banking regulations across most western economies in the late 1970s and 1980s - removing the previous restrictions upon commercial banks issuing fiat debt finance toward non productive purposes...primarily housing. Previously provision of housing mortgage finance was via exclusively by mutual non profits and government agencies. Since those restrictions were removed an ever growing ratio of commercial bank lending has moved toward housing mortgages, inflating house prices and bank profits but contributing nothing to the productivity and wealth of the nation. This is pure and simple parasitic fiat debt rentseeking, enabled by politicians owned by bankers.
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The jobs market is moving abroad. The tangible assets ceases to be profitable to hold. The rate hike is full of pausity and delay. This will really wear you down along with housing. I don't even know what to think anymore.
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Stack sats!
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This is crazy besides this USA ๐Ÿ‡บ๐Ÿ‡ธ have the 40 %of world millioner
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Millionaire or not a millionaire but an average house costs them in millions!!
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In other words: a certain shitcoin, known as the cuck buck, is being debased and those who for some mysterious reason choose to save in it are finding housing increasingly more expensive.
It's also noteworthy that those who choose to save in Shiba Inu tokens share their experience.
All the while house prices are falling head over fist against real money.
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Shitcoiner among us??๐Ÿค”๐Ÿค”
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You started this thread about shitcoins :)
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Let me see how many confirmations you get on comment!! :)
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The urban areas are expensive. Rural housing is affordable.
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I doubt America has many villages now! It's a nation of cities, cities, that are also ranked! If you're an NYer, you may have better chances of finding a date.
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Not really
USA has over 3000 counties mostly rural
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That's true, but the vast majority of Americans live in a metropolitan statistical area.
There are lots of rural places, but not very much rural housing capacity.
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Some of that remaining 20% is suburban, too.
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suburbs are not included in MSA?
suburbs are not rural, closer to urban
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Suburbs are included in MSA's, but are not always classified as urban. MSA's are often an urban core, surrounded by non-urban areas that are tightly linked to it.

Now compare your 3000 to this.

As of 2019, there's a total of 664,369 villages, up from the 649,481 in the 2011 Census of India and the 638,365 recorded in the 2001 Census of India. https://wiki.openstreetmap.org/wiki/Main_Page
What percentage of people live in villages in India?
Rural population (% of total population) in India was reported at 63.64 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources.
With that being said, I only know that Americans don't even use the word villages more often. In fact America is a country of small towns. What you're suggesting is/may be small towns.
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Not only can they not afford a house, they cant afford health insurance. Or to save money.
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The average American can't speak out against things they have problems with, let alone maintain jobs that buy houses.
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