Not that it needs saying, but the economy is still a mess. Inflation is high, the value of a dollar isn’t what it used to be, and interest rates are insane. At the same time, most salaries are not increasing, the job market is terrible, and people are struggling to find work. This combination makes it seem as though it’s not at all possible to buy a home. But is it actually impossible?
Boomers often look at young people and say, “Well, interest rates were even higher in my day, and I still managed to buy a home.” The difference is, salaries increased along with the prices of homes. In 2024, that has not happened. As a result, young people are priced out of the market, especially if they are living in metropolitan areas. However, I believe there is a solution to this bad combination of economic woes.
Conversations about starter homes go viral on X all the time. All it takes is…
