First-time home ownership is OVER. "Starter home" are over 400k average income is 58k. We've put in 77 bids in middle TN on first home and were outbid by cash investors EVERY TIME. Now, we're priced out due to price and mortgage rates. Wonder why Millenials and Gen Z are doom spending? Not getting married? Not starting families? Why is civil unrest growing while the wealth gap is larger than it ever has been in history? It's because this economy is not for us, it never has been since we've been around. It priced us out and left us behind before we got here. This doesn't end well for society at every socioeconomic level..
Hey Ryan , very good video . I can do better editing in your videos which can help you to get more engagement in your videos . Pls lmk what do you think ?
First-time home ownership is OVER. "Starter home" are over 400k average income is 58k.
We've put in 77 bids in middle TN on first home and were outbid by cash investors EVERY TIME. Now, we're priced out due to price and mortgage rates.
Wonder why Millenials and Gen Z are doom spending? Not getting married? Not starting families? Why is civil unrest growing while the wealth gap is larger than it ever has been in history?
It's because this economy is not for us, it never has been since we've been around. It priced us out and left us behind before we got here. This doesn't end well for society at every socioeconomic level..
you were out bid 77 times by cash offers. WOW.
Interest rates down, prices up up up!!!
Very true!
Finally won a home after 10 tries over last 2 years. First timer. Had to put down 300k. Got 5.99% 680k. Years of saving helped.
Great info! I don't think housing pries will come down anytime soon due to the amount of people that have sub 5% and 4% loans.
Ive been screaming this from the rooftops!!!
Hey Ryan , very good video . I can do better editing in your videos which can help you to get more engagement in your videos . Pls lmk what do you think ?