With home prices up nearly 40% since 2020, buyers are now wealthier and older, making them more likely to outbid younger buyers with all-cash offers.
  • eran_morad@lemmy.world
    3·
    17 days ago

    If people like me can’t upgrade, people who can afford $1.2M can’t get a modest house, and people with less than a $1M budget are utterly fucked. They’ll either move away or pay rent until they die.

    • Rekorse@sh.itjust.works
      3·
      17 days ago

      What does upgrade even mean? Are you like two per room and are having more kids? None of this makes any sense without context.

      The million dollar homes in my well populated area near a major city are gigantic homes.