I saved for 10 years to get a down payment large enough to avoid PMI. My mother passed and left a sizeable inheritance and I still can't afford a home now. Houses in my area have doubled in 5 years and unless I want to live in a trailer, I can't afford to buy. This in a state with over 1 million vacant homes. Insurance companies are dropping policies left and right due to hurricane risks. So for now I must continue to wait. There is definitely an influx of city folks moving in and that in part is driving the market but there are other factors at play. $15/ hr minimum wage, lack of inventory, and rising construction costs are all a component too. I'm 44 years old with a disability and it is soul crushing to not be able to give my kids the same lifestyle I had growing up. It's hard not to become bitter and those responsible better pray the wheels stay on because I am so ready for payback for stealing my dreams.
Redditors love attention and LOVE to “fit in”.
This is a sub called lostgeneration, where millennials love to bitch and whine about how everything is stacked against them.
I would bet quite a few fiats that this story is either 100% false, or so embellished as to be patently untrue.
I saved for 10 years to get a down payment large enough to avoid PMI. My mother passed and left a sizeable inheritance and I still can't afford a home now. Houses in my area have doubled in 5 years and unless I want to live in a trailer, I can't afford to buy. This in a state with over 1 million vacant homes. Insurance companies are dropping policies left and right due to hurricane risks. So for now I must continue to wait. There is definitely an influx of city folks moving in and that in part is driving the market but there are other factors at play. $15/ hr minimum wage, lack of inventory, and rising construction costs are all a component too. I'm 44 years old with a disability and it is soul crushing to not be able to give my kids the same lifestyle I had growing up. It's hard not to become bitter and those responsible better pray the wheels stay on because I am so ready for payback for stealing my dreams.