/biz/ - Business & Finance

>>57963538
>All my school mates were telling me how I was buying at the very top and how they were waiting for the crash.

people have been saying that since the early 2010s

the "crash" came in 2022-23, we're at a "bottom" right now

shit is still selling in desirable areas... 12 homes were listed the past month in my city under 500k, all 12 went contingent in less than a week, and this is with rates being the highest they've been in 23 years

we would be even higher if the fed didn't have a 5.5% rate, and the fed is going to cut later this year

if the fed lowers just 1%, then purchasing power goes up 10%... if they cut 2%, purchasing power goes up 20%

people have money, BTC is at an ATH, S&P is at an ATH, wages are at an ATH, the average home buyer in 2024 makes well over 100k

don't listen to losers, ever

>>57506854
no worries, enjoy poverty, you deserve it

>>56445257
Median income of people buying homes is 100k.

People who make 100k can afford 3000/mo.

>>56405344
If you're not in the top 20%, you need to get married.

Majority of people buying are dual income. Median income of home buyers is over 100k.

>>56366353
majority of home buyers are couples who are combining incomes, median income of home buyers in 2020 was 102k

add in the stupid low rates that they got in 2021 and you get a median home value well over 400k in desirable metro areas

zoomers are unable to comprehend perspectives other than their own which is why we get this thread every day

>>56314542
It's 130k. You're not getting paradise at that price point. Median sales price in this country is 407k and 7.5% rates couldn't knock that down. The median home buyer in 2020 had an income of 102k.

People out west would kill for a 90% white neighborhood and 70% white neighborhood schools in a metro of 1.1 million with an additional 400k on the Canadian side in a move-in ready property.

>>56313811
>no one can afford these prices and rates

Losers think that everyone is doing as poorly as they are.

Median income of home buyers is 102k.

>>56197625
70% of home buyers are couples.

Median income of home buyers is 100k.

The people complaining about housing not being affordable are the losers.

Only retards rent.

>>56160058
Median income of home buyers is over 100k. Median home price is 410k.

>>56136811
Not representative of who you are competing against. This data measures who owns a home, not who is buying a home right now. So you have retirees on fixed pensions based on a percent of their salary from 10-20 years ago included in that statistic.

About half (47%) of all home buyers are older Millennials (32-41) and Gen X (42-56). People buying homes in these groups had a median income in 2020 was well over 100k. Those incomes are even higher now.

People aged 57+ are one third of the market, and they all have their homes paid off and the ability to buy in cash. 80% of the market is either pulling in 110k+, or paying cash for their house.