My salary didn’t change at all, but homes went up 82%. The money I saved for a down payment and my salary no longer are good enough for this home and many others. This ain’t even a “good” home either. It was a 200k meh average ok home before. Now it’s simply unaffordable

  • jj4211@lemmy.world
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    14 hours ago

    While true, I was thinking more about how the person you replying to probably was reacting to the trend of people talking about saving and waiting until they had a reasonable downpayment before they would consider entering the market, and how the market keeps running away from their downpayment savings.

    The ‘never make a downpayment regardless of context’ would be bad advice, but I just presume there is a context in mind about not even having the downpayment to start with and being stuck on the rental treadmill as a result.