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.

cross-posted from: https://lemmy.ml/post/10623652

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

  • Kit@lemmy.blahaj.zoneEnglish
    252·
    11 months ago

    Challenge accepted. I ran a Zillow search with your criteria and prices range from $260k for a fixer upper to $390k for a recent renovation. I’m in a major city, but it’s one of the most affordable in the US. You must be in the suburbs to be seeing those prices. Also bear in mind that the “Zestimate” has no bearing on reality - you need to look at homes that are actually up for sale.

    • Pohl@lemmy.worldEnglish
      321·
      11 months ago

      Fair, I didn’t feel like writing out a long disclaimer about your local market. The point is that what you call a middle class home and what your grandparents probably called a middle class home are very different buildings.