this post was submitted on 27 May 2024
219 points (97.0% liked)

News

23664 readers
4121 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
 

The median home sale price in the US has jumped by nearly 30% since the end of 2019, hitting $420,000 this spring. 

At a time of rising property values globally, the leap has been one of the most dramatic in the world, according to the International Monetary Fund.

And that's not factoring in the added costs from higher interest rates, which now stand at roughly 7% for the 30-year, fixed-rate mortgage that is typical in the US, up from about 3% in 2020.

Homebuyers today need an annual income of more than $100,000 - well above the country's household median of about $75,000 - to comfortably afford a home in most places in the US, research firms such as Zillow and Bankrate say, and face monthly payments that have roughly doubled in just four years.

you are viewing a single comment's thread
view the rest of the comments
[–] Got_Bent@lemmy.world 5 points 7 months ago

So I was you. I wasn't financially stable until well into my forties. I would say I wasn't raised by anybody. Forget about no parental money. I had no parental guidance, and from that I made a TON of beyond stupid decisions.

Fast forward, and I finally got my shit together. I was able to get my daughter through college without debt and her mother sold her a car for a reasonable price.

So now she's in her early twenties making more money than I do, and she's always concerned with mismanaging it. But being who she is, she's also constantly worried that she's not doing enough good for others.

Her first house will be with her own money, but I was fortunate enough to help her get into that position.

Just on principle, I'm hell bent on leaving an estate to her even if she won't need it. From there, I just hope it further supplies her with the tools to realize her ultimate altruistic ambitions.

This being Lemmy, I'm sure something about this is wrong or evil or selfish. I can't accommodate every random Internet criticism, so I do the best I can.

As to the daughter, I'm just so proud of her. Aside from the line of work, she's artistic and empathetic and caring. You know, an exponentially better person than I could ever hope to be.