Quote Originally Posted by Daly View Post
Quote Originally Posted by MumblesBadly View Post

I thought banker-cum-macroeconomics-expert handicapme told us not that long ago that young adults in the US are doing just fine economically and can readily afford to buy starter homes and cars and whatnot like their parents and grandparents before them and that all this talk about that generation having it much harder to get started building their solid middle class lifestyles is just some refraining-from-wasting-money-on-avocado-toast or some other kind of spendthrift habits they picked up along the way?

Fucking Price Mumbles.

Starter homes are through the roof as is the rest of non top 1% real estate (that’s not in urban areas, as the notable exception). Someone’s buying them.

Truth is in the middle here - per the norm.
Probably the investment funds that are renting them to millenials and older folks/families who can’t afford to buy a house but want to live in a one.

The rise and fall of the starter home — why millennials are choosing to rent instead of own
https://www.businessinsider.com/star...wn-rent-2019-7