Good morning, Sunday morning
(media.greatawakening.win)
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I know buying a house is difficult today because my children are in that particular boat. There are several reasons, at least in my experience. When I graduated from HS and my husband from college, we had immediately marketable skills. It took me a week to find a good job, and my husband had jobs waiting for him. The other part of the equation though is that we saved as much money as we could. We didn't travel, go out every night, and ate out very rarely. Interest rates were sky high so we only looked at houses that had assumable mortgages at low rates. Of course all my kids remember is that we lived in really nice houses and they lived really well. BTW, neither of us got degrees in the Humanities.
I think the fact a 1500 square foot home built in 1950 costing 800k where I live now vs 150k in 1998 has a lot to also with it too. My fiancée and I make 130k combined and we still can’t afford a home, my father bought my childhood home on a single 40k income. I just find it disingenuous that everything is blamed but the obvious. You could work a minimum wage job back in the day and still afford a home.
There is abundance that is being stolen from all of us. Hopefully part of this reckoning will be distributing that abundance fairly.
When we bought our first house our combined income was a little over 30k per year. We paid 50k for the house. Interest rates were 16 to 17 percent, so no walk in the park finding something affordable. Minimum wage at that time was not enough to buy a house.