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The median age of a first time home buyer is 40
The median age of someone buying a home is 59
How the fuck is this sustainable
+Showing all 14 replies.
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>>61785329
If you can’t save up like $10-$15k for a down payment before you’re 40 you simply have no financial sense.
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>>61785335

>$10k down payment

where do I buy a $50k house anon? I don't want to live in Gary, Indiana
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>>61785335
Based time traveler from 1940
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>>61785329
it isn't. that's the fun part.
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>>61785329
trump is on it bro. he promised to make housing even more expensive. gotta pump those numbers up until it is only 70 year olds buying homes
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>>61785335
Sure, in the 1960s, when working at fucking McDonalds meant you could buy 1.5 troy oz of gold per week.
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>>61785329
Not everyone deserves to live in a home
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Blue Owl has fallen, the end is growing near
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>>61785329
the median human age will be 300years this millenium, gotta price it in
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>>61785335
If only you knew how insensible things really are.
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>>61785335
You forgot a zero, friend. Here you go, it's on me: 0
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>>61785387
40 year mortgages are absolutely retarded but he at least disallowed businesses like blackrock from buying single family homes, which is a bigger effort than what Biden, Obama, or term 1 Trump tried
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>>61785582
>40 year mortgages are absolutely retarded
If you're smart you can save/invest money and pay down the mortgage quck enough to where the extra interest doesn't matter. It could also be good for people that have trouble affording shorter options, even a few hundred bucks a month can go a long way.
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>>61785335
Livable 1bed1bath houses near me in a Midwest flyover state are priced at ~$200k. Interest rates are at 7%. I'm a full time wagie that makes around $45k a year.
Even if I kill myself there's still millions like me with no hope of owning a house ever. Best of luck everybody.

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