Orlando realtor Freddie Smith discusses how owning a home and living a typical middle class life has become increasingly unattainable for most millennials and older Gen Z.

TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.

  • dejected_warp_core@lemmy.world
    2·
    6 months ago

    Yeah, sellers (flippers really) are asking 70-80k over the value of the house, and they want no-inspection, as is, and you need to bring cash to the closing to cover appraisal gap, which is usually in the 60-100k range.

    I haven’t been in the market for nearly a decade. This seems pants-on-head crazy to me.