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Why is the number of first-time US homebuyers at a generational low? (www.theguardian.com)

submitted 3 days ago by Davriellelouna@lemmy.world to c/usa@midwest.social

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[–] Carvex@lemmy.world 33 points 3 days ago (1 children)

The bank won't approve a $1500 mortgage so I pay $2000 in rent

[–] Kernal64@sh.itjust.works 4 points 2 days ago* (last edited 2 days ago)

Hahaha I feel you. I'm paying $1.2k more in rent because I can't get a mortgage approval for less than what I paying now because I allegedly don't make enough. I have a credit score over 800 and could comfortably make the lower mortgage payments, but instead I'm being bled dry. 🫠