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A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor' (www.businessinsider.com)

submitted 1 month ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[-] FireRetardant@lemmy.world 15 points 1 month ago

As someone who will have to dedicate 60-70% of their income to own a small, run down home, i really dont have a lot of sympathy for them. 30% of your income to housing is considered affordable, however that metric has likely been impossible for most people to reach over the past decade, most people can't even rent for 30% of their income these days.

Im not supporting high housing and rent costs, i just think compared to average American right now, this couple shouldn't really be considered "struggling" or "poor"

[-] volvoxvsmarla@lemm.ee 10 points 1 month ago

As someone living in Germany, what pissed me off most was when they mentioned that they never imagined raising their kids in an apartment. Like an apartment is beneath them. It is 2024. Don't we all know that heating single family homes and the sheer extra space they require is absolutely disproportionate? Everyone wants a cheap huge single family house in the middle of the city and no cars and no climate change. Like, yeah, that won't happen. Can we please start normalizing living in apartments? We just moved to a much cheaper city and hope to buy a 3-4 room apartment here one day. This will still cost us about 600k and we make less than 50k combined. But even if we had the money to pay over 1.5 mil for a house here, I wouldn't want to live in a house, unless I'd have like 6 kids.

[-] FireRetardant@lemmy.world 8 points 1 month ago

As your kids age into teens and young adults, the apartment offers more freedoms than suburbia as they wont require a car to go anywhere. In many US suburbs, kids are chained to their parents as a taxi service until they need to buy their own car. Which is why so many american suburbs have 4+ car sized driveways, because every human in the house must buy a car and gas and insurance etc.