“I make $90K a year and can’t afford to buy a house.
That used to be considered good money.”
These are their stories.
“Weve been trying to buy a home since 2020.
Most of the homes available in our area are new builds.
Everything is plywood, staples, glue, and plastic.
The entire house is basically held together by glue in various formats.
“Because of HOAs.
Knowing they exist in many neighborhoods and that you cant just opt out of them plays a huge factor.
Anonymous, 30, California
3. bloodwynne
4.
“It’s the lack of available homes, honestly.
I have the down payment.
Im pre-approved for a loan.
Or, you miss out if you dont immediately leave work ‘right now!’
to tour a property and make an immediate offer on the spot.
Or you get stuck in a bidding war.
Its been going on for three years now.
I regret not buying a home years ago.
We werent as financially stable, so we thought waiting and building up our savings was the responsible choice.
Now, Im not so sure.
Theres just nothing available in our area anymore.”
I’m also watching politics, and I am not sure if anywhere is going to be safe.
Places that are likely to remain safe are expensive, and the cost of living is steadily climbing.
Anonymous, 36, Oklahoma
6.
“My kids are so rough on things just by being kids.
Id be pissed if the accidental hole they made in the wall was really ‘my wall.’
Now, I can just patch it the best I can and move on.
I dont stress as much with normal wear and tear because its not my investment.”
Anonymous
7.
“The market decided to delay my searchforme.
Why anyone would risk buying a home without an inspection blows my mind.”
than there are for keeping a mortgage holder in theirs (screw you, banks!).
Kylie, 36
10.
Ultimately, the interest rates were too high, and my mortgage payment would still be $2,500.
I make $90K a year and can’t afford to buy a house.
Thatusedto be considered good money.
Big Business has its fingers wrapped around our throats because everyone needs to sleep somewhere, right?
Anonymous, 39, Washington, DC
12.
“Purchasing a home is never ‘buy it and enjoy.’
Theres always something that needs to be done or fixed that can be a cash-sucker.
Then the dishwasher exploded….and on and on.
Annie, 63, Tennessee
13.
“We simply cannot find the right house that seems worth paying more for than our current rent.
“I have been saving for a while for a down payment on a house.
I contributed most of what I had saved so she could have stability as she approached retirement.
I dont think housing prices will ever come back down to where they were.
It feels like a chronic treadmill of trying to save enough but never getting there.”
“Being house-poor sucks.
Let me tell you: The cost of upkeep on a house is not worth it.
Now, we rent a home and pay less than the mortgage we had.
That’s our landlord’s problem.”
ckilburn08
16.
And these were for fixer-uppers, definitely nothing nice.
Having the money to buy is one thing, but finding a home is another thing entirely.”
“While interest rates and prices have skyrocketed, my income has barely changed.
I already work two jobs to pay off student debt and medical bills and afford my current rent.
Courtney, 28, Nebraska
18.
“I honestly have this thing about ‘ownership’ in general.
The idea of homeownership almost seems like a lie to oneself about how much importance we give to ourselves.
Nah…I prefer to rent.
Mark, 36, Texas
19.
“We can’t afford one in our school district.
We live with my in-laws so my daughter can attend a school with outstanding special education services.
I take care of my mother, and that has its own expenses.
Its only one these days.
Lee, 33, Texas
21.
It’s nearly impossible.”
Eli, 27, California
22.
“The cost of maintenance.
In my current apartment, most repairs are free unless youve willfully caused significant damage.
“Life right now is too unpredictable, especially financially.
Paying rent is useless in the long run, but it gives me temporary financial relief and stability.
I love knowing how much my bills, including rent, will be each month without financial surprises.”
itsmehi
24.
If I got a house now, I would live paycheck to paycheck.
This is why I still live at home at almost 33.
I’m afraid of incurring more massive debt that I can’t afford.
Gone are the days of picking up a reasonable family home with an average income.
Affordable housing is no more but cheers to the American dream, right?”
