You have to earn $115,000 a year to afford a typical house now in the US
You have to earn $115,000 a year to afford a typical house now in the US
You're viewing a single thread.
I like all the people on lemmy that just expect everyone to buy a house instead of renting.
Edit. I love how everyone hates me because I can't afford a house. Thumbs up lemmy
8 61 ReplyBuying a house is currently the backbone of middle class wealth.
If we want a society with a lot of renters and a strong middle class, then we will need to introduce strict rent controls.
Otherwise rent becomes a way for the owning class to exploit the working class.
Over the past 4 decades we have greatly loosened rent controls and promoted home ownership.
Either model can work, but most people seem to prefer owning their home rather than renting.
66 2 ReplyYou can send me money for a down payment on a house at any time.
1 0 Reply
The current level of ownership is an historical anomaly and it seems to be going down now but is it really something we should be glad is happening? I personally don't think so although I also understand that not everyone wants to own, everyone who wants to should be able to, even if it's just a small condo.
11 1 ReplyHow does the leather taste
18 9 ReplyI have no idea I can't afford leather, or a down payment on a house.
7 2 Reply