Nothing says ‘Millennial experience’ like watching the same house age better financially than you 😅📈
this post was submitted on 21 Dec 2025
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But if you actually own one, the cost of everything maintenance wise is through the roof, contractors are difficult to get in a saturated commercial market, basically you can go from able to afford the house to struggling in a few years, housepoor just because things declined faster than you could account for. But you can't sell it because rent is now way more expensive than the mortgage, even divided in half.
Average wage index in 1999: $30,469.84
Average wage index in 2023: $66,621.80
So wages roughly doubled, while the house now costs 8x as much. Yep, sounds about right.
Being that I am now middle aged... have a full time job\career, single, and I still can't afford to buy a home.. isn't that great?
The only reason my partner and i could is we lucked out and bought our house at the bottom of the housing market during COVID. Interest rates hit the lowest point just as we began financing but people hadn't quite started buying yet so prices had bottomed out. It "appreciated" by over 50% within two years, like fucking magic.
If we had waited until now, we could not afford to buy our two bedroom, one bath, <1000 square foot, old-as-fuck, not fancy house. The monthly payment would be almost 2.5x higher and the FHA minimum down payment nearly killed us already at the lower price.
My partner and I both have advanced degrees and now make over $200k a year (disclaimer: we live in one of the top 5 highest cost of living areas in the US). We still don't make enough to adopt kids. The market, economy, and country in general are just super fucked.
Am millenial, am homeowner, am still rooting for a marketcrash. Solidarity! ~Also our home hasn't appreciated noticeably in the last 10years so we don't stand to lose much~
It's really really really easy to have this outlook, if you consider a house to be more a thing you live in, and less an investment opportunity.
I'll also pay less taxes on my forever home. So I'd also be happy.
ha! like the government would ever accept a lower assessment value
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