All homes, or single family detached homes? A great many of the new builds out there are because of corporations. Remove them from the market, there goes new supply. End short term rentals and bring back government investment in affordable housing is the only real option.
@@darex0827 Wouldn’t it have been easier for you to assume the obvious that we’re talking about corporations buying EXISTING homes and holding them rather than type out that diarrhea vomit?
This. Why can’t you afford a 400k house if you and your spouse make 200k? I make barely 100k and was able to buy a 300k house alone. I get the housing prices are outrageous, but don’t think they are giving us enough details about their financial situation (they don’t have to, but they must have low credit score, delinquency/late payment, high amount of debt or something like that).
They said they want to have kids, so add $2000 a month for that. They will be locked in for 20 to 30 years, so if they want to have kids, yea, they can't afford it there.
$200k is gross. Minus taxes, retirement, health, and who knows what else, you are left with $140k. If you ever plan to actually OWN a home 🏡, you shouldn't be allowed to borrow 5 times your gross income. This entire debt based economic system is flawed. 🤓
Pfft. She could definitely afford to buy a house in Reno, Nevada. The problem is not the real estate market. It's that she feels ENTITLED to some kind of a luxurious palace located in the best neighborhood despite earning what is essentially a somewhat higher than average income.
@@hunterhodgden it's definitely getting better though, my rent skyrocketed but came down recently. It's due to the insane amount of apartment construction alleviating demand.
You can have a children even if you don’t own a home, plenty of low income women do this. She and her husband can have a child and then later on by a house, remember, you can buy a home at any time, but you can’t biologically have children at any time.
too many dysfunctional poor women are already having children. please dont encourage this. it needs to be well off nuclear, stable married couples have more children
Im a gen Z, and It is out of reach... Im in the process of buying/building a house right now, and I would have not been able to do it without help of the VA loan, because I do not have a 20% down. To all the other gen Z and the other generations that does not have the same benefits like me, I feel the pain and struggle.
Let's do some math: 200k a year is 16.6k per month. Subtract taxes it's 13k. Banks like to see you spend 1/3 of your take home for housing, which is $4300/mo. With the average house price in Reno at 550k, $4300/mo leaves plenty of room for a 6.2% mortgage, taxes, and insurance. Where is this couple's money going? Expensive cars? Partying?
@@ryanwalters6184 Remember, they said they wanted to start a family. Add is $1500 a month for child care, and another $500 at least for other child expenses.
Subtract $2k a month for food alone. That’s nothing! We’re in a similar boat. A $400k mortgage is a LOT after living expenses and with the 6.25 interest on a 30-year rate IF you have amazing credit. If not, good luck!
Must be DTI ratio extremely high. Consumer loans excluding mortgage must be one-half of a million dollars that made this person unable to afford mortgage
For people commenting on why the couple making $200K combined can't afford a home- they mean the couple can't afford to buy a home in the neighborhood where the woman grew up. The vid quickly shows a clip of home prices in her neighborhood going for around $1.5 million. These homes were likely under $200K or even under $150K when she was a child.
It's funny because those people claim she want luxury (bathrooms, ac/heat, lights etc) but don't understand that all new builds and renovations have to be brought to CURRENT city code standards that includes all of those. So the state/city says you need them and the people say they're luxurious.
It's called living within your means. If you can't find a house on a 200K salary, the problem is not the housing market. Move elsewhere if the houses are too expensive. You don't have to live in your hometown to survive.
Wow. Try getting a job elsewhere and dealing with the costs and difficulties of moving nowadays. Without your home support system, since they want to separate people.
@@todd2324Well said. People feel as if they’re entitled to purchase a home where they grew up. Newsflash, the market doesn’t care about your feelings. It’s the ugly truth. Do you want to stay in your hometown, or do you want to own a home? It’s that simple …
We just moved into our new apartment in Manila last month. It is a tiny two-bedroom with one bathroom. My parents live at my place back in the States. I explain to my mom that our living space here is just a bit bigger than the two-car garage in our place there. It doesn't compute, as she thinks that 1500+sqft place they are in is just adequate. It's all about perspective. We are content in our 48sqm (517sqft) place. The best feature of our place? It's paid for, which makes it all the more comfortable.
Something I'm scared this could lead to, long term, is another tragedy like the apartment collapse in Florida. 1. Ownership of property or land becomes a thing done less by individuals and more by corporations. 2. Sorry you'll never own a home and will rent for life. Too bad for you. 3. The higher the demand for rent, the lower the power of renters and higer the power of rentees. 4. With that, lower standards of properties and apartment complexes. (If thats across that board what are you going to do?) 5. Not only will the standards go down, but with their increasing power the owners, to imcrease their profits, will be able to lobby governments to loosen regulations on thoes standards, which will include costly ones for saftey like upkeep, inspections, and the quality of materials used. Heck, maybe they'll lobby to undo the Florida legislation that was passed because of that collapse. I'm sure it is expensive. 6. Repeat of the tragedy in Miami where 98 people died.
A lot of the cost of a home is the land. A proven way to improve affordability is to build vertically. We need a lot more low rise and mid rise residentials. Instead of everyone having a tiny yard we can have common spaces like dog parks and community gardens. Increasing density make everything more affordable. One fiber serves many units. Same with utilities and mass transit.
200k and can't buy a home? You are spending way too much on unessentials I'm a single income earner of 200k and got a home in san diego had to save up for 13 years but got 400k down payment.
Do you have kids? They said they wanted to have kids, so add in $2000 a month for child care and other expenses. They COULD afford it if they don't have kids. In the boomer generation, you didn't need college, and you could have multiple kids and the same house with 1 person working. The wage gap has been growing quickly since the 80's.
@@heyaisdabomb they could have a child, then buy a house later. Remember, you can buy a home at any time, but biologically you can’t have children at any time
@@dorino9057 yes, in 23 years when their kid is out of college. But rent isn’t affordable either. Basic jobs with a high school degree used to be enough to buy a house, but that’s not the case anymore. Good jobs with a college degree and lots of college debt MAY be enough in the right place, but isn’t enough in most major cities
This housing crisis was a long time coming, only accelerated by the pandemic. The inaction of politicians, especially state and local politicians have been pedestrian. This is a global crisis and it’s sad that citizens in one of the wealthiest countries in the world cannot afford a home. My city of Long Beach focused so much on affordable housing but most of what they provided were more rental units. Not purchasable.
There was once a time when our great great grandfathers hitched the wagon and hit the road in search of greener pastures and an easier life. I too took this road just over 2 years ago and haven't looked back. Being tied down to a certain metropolis or region that isn't working for your family is wild. Never in a million years will I go back to the west coast. Vacation and visit family? Sure. But you won't catch me being a debt slave ever again.
Insurance rates are up though, which balances out. My son lives in NC and he saw apartments that were flooded on the second floor, which means the water damage is extensive and it will take a lot of due diligence before buying a place.
Why is she completely sold on Reno? Would it be worth her while to live somewhere else that's more affordable? What are the pros and cons of her going somewhere other than Reno?
200k a year and you can't buy a home, you need to better budgeting your money. Most single people earn 30k a year, your 100k a year is like winning a lottery.
Unaffordable housing is simply un-American and not reflective of an egalitarian society. The supply/building of new affordable homes needs to increase dramatically and corporate buy ups of blocks of property need to be limited to a small percentage of the regional housing total. Greed is not good folks.
Do you want to buy a house now, or later? Interest rates determine the price of the building, people want them to. If you sell a house at this time and rent a house for two years, you just want all the money. But do it, you should.
It's been proven apartments don't entice family building. It's been the same all over the world. I certainly don't want a family in a apartment. If I can't afford a home I shouldn't be having a family. That's not a life worth having for my kids.
The End Hedge Fund Control of American Homes Act of 2023, unfortunately, went nowhere. I have been renting a 3bd/2bh house in Winston-Salem for over a year. Approx. 5 houses out of 12 on my normal residential street are owned by Firskey (Cerebrus Capital Mgmt PE firm) and American Homes. I pay Firstkey near 25K a year to live here, They bought the place for 230K in 2021. They won't sell it to me and even if they did, prices are North of 325K now. Really depressing but I agree who is in the WH is not going to help this.
I'll say it again, the election and/or presidents will not change the fact that homes are expensive. Housing is a free market and people are willing to pay higher if they need to. 3.5% down on a $600K home is $22,000. At 5.5% rate, the payment is $4,400/month with taxes and insurance. If you are making $200K per year, you should be able to afford that. Unless you just spend money like crazy and don't have anything to show for it.
Live within your means. Don't bite off more than you can chew. Im certain there is a lot of wasteful spending if you cannot find a home while making $200k/y. May be adjust your expectations to something more realistic... Or an area that is within your qualifications...
Missed the part where they were her childhood homes that at that time were only around 250k to 300k. So another example of this generation not having the same opportunities as their predecessors at the same age. But nice try
I don't buy it. Right next to Reno is a town called Sparks. There are excellent homes there for less than $300,000. With $200,000 annual income they cannot afford that? Do they have a gambling or a drug problem?
They have to have a lot of debt. I make about 200k after bonus and I have a 500k house with 400k mortgage. I am a single mom with a child. My child has medical issues also so I pay a lot for medical expenses. With all that I still have enough for extracurriculars for my kids, investments, college savings, and traveling. This family must have a lot of debt though, otherwise I don’t understand.
The value of the dollar is plummeting. Maybe the government should do something to increase its value? Stop printing trillions and sending it overseas! Does anybody ever consider government is the cause of a worthless dollar? 🤷🏻♂️
Made all the right decisions? If you weren't out protesting to change housing as a depreciable good versus appreciating asset, then you weren't making the right decision. But I didn't do this either
Don’t worry, government will help freelaoders. 25000 price increase, since the government wants to help freeloaders you will have to pay more so we can help them, not you!!!!
not sure if this video is lazy journalism or just plain being dumb.....the median salary in Reno NV according to latest BLS data is $61k annual, they're over 3x that amount and can't afford a home lol, probably in debt from gambling or addicted to crack
Housing prices are not greatly affected by who is President. The fact that you could buy a House with Trump in office and not Biden is mere coincidence.
Stop corporations from buying homes!!! How many times do we need to say this?!
A few more times.....they can't hear you or just don't care....... I'm guessing the latter.
All homes, or single family detached homes? A great many of the new builds out there are because of corporations. Remove them from the market, there goes new supply. End short term rentals and bring back government investment in affordable housing is the only real option.
Agree 100 percent
Show up to your city council meetings Airbnb is a good place to start also let builders build
@@darex0827 Wouldn’t it have been easier for you to assume the obvious that we’re talking about corporations buying EXISTING homes and holding them rather than type out that diarrhea vomit?
if you make 200k per year and still can't afford a house for 400-600k in Reno NV, then definitely something is wrong with her story.
She needs to look at starter homes.
@@stache1954 I think you nailed it. She's probably looking at villas with a view and thinking she should be in one of those.
@@stache1954 but even at 400k she can afford that on 200k salary. I make about 170k and have a house for 500k. She must have a lot of other debt.
Was thinking the same thing. That makes zero sense.
This. Why can’t you afford a 400k house if you and your spouse make 200k? I make barely 100k and was able to buy a 300k house alone. I get the housing prices are outrageous, but don’t think they are giving us enough details about their financial situation (they don’t have to, but they must have low credit score, delinquency/late payment, high amount of debt or something like that).
We all know what's going on. Private Equity is eating the housing supply. Where does it end?
Not all of us, some people have buried their head in the sand and are acting like this problem doesn’t exist
But I definitely agree with you private equity sucks and driving up cost makes it worst for everyone
@@adidas8287 Forcing everyone to rent then driving up prices. The effects of inequality.
corporations aren't buying homes in ANY meaningful numbers. don't let click bait headlines make you ignore the data and think it's actually a problem
Come on $200k/yr and can't buy a house in Reno??...BS..I am an RE agent here in Las Vegas and you can easily buy a home here for that...
Sounds like you're desperate for fee money
Agreed. BS
Maybe she wants a 5,000 sqft house, swimming pool, and backyard size of a ranch for her horses…
They are probably really bad at budgeting
She doesn’t want to live in the hood
I call BS, $200k/yr. Definitely something she is not sharing.
Yup. Sounds like someone has an addiction.
No down payment!
They did not fact-check her. 😁
Credit stipulations most likely, late payments, debt, etc.
If an accountant and an engineer - whether audio or not, still an engineer - cannot afford a home… yeah they can’t afford a home.
200k income should be able to afford a 600k house…..it’s not adding up coach.
These people do not know how to budget
They said they want to have kids, so add $2000 a month for that. They will be locked in for 20 to 30 years, so if they want to have kids, yea, they can't afford it there.
They probably also have student loan debt.
They probably bought a ridiculously expensive car for each of them, brand new phones every year, and eat out every day
$200k is gross. Minus taxes, retirement, health, and who knows what else, you are left with $140k.
If you ever plan to actually OWN a home 🏡, you shouldn't be allowed to borrow 5 times your gross income.
This entire debt based economic system is flawed. 🤓
The entire debt based economic system is flawed. The financialization of everything is the reason nobody can actually afford anything. 😳
Pfft. She could definitely afford to buy a house in Reno, Nevada. The problem is not the real estate market. It's that she feels ENTITLED to some kind of a luxurious palace located in the best neighborhood despite earning what is essentially a somewhat higher than average income.
Everyone’s talking about home buyers. Rent has gone way above “normal”
@@hunterhodgden it's definitely getting better though, my rent skyrocketed but came down recently. It's due to the insane amount of apartment construction alleviating demand.
You can have a children even if you don’t own a home, plenty of low income women do this. She and her husband can have a child and then later on by a house, remember, you can buy a home at any time, but you can’t biologically have children at any time.
too many dysfunctional poor women are already having children. please dont encourage this. it needs to be well off nuclear, stable married couples have more children
Great point! Never looked at it that way...
We need to stop companies from buying up houses for short term leases.
While they wait on a house they need to address their credit scores and debt to income ratio
We don’t need assistance with down payments or more housing built. We need Wall Street out of the housing market.
Im a gen Z, and It is out of reach... Im in the process of buying/building a house right now, and I would have not been able to do it without help of the VA loan, because I do not have a 20% down. To all the other gen Z and the other generations that does not have the same benefits like me, I feel the pain and struggle.
Wait! You can get conventional and FHA loans with less than 20% down
@@huynguyentoantin yea but if you go less than 20% you have pay PMI, RIP
Keep voting blue and it will get worse
@@huynguyentoantin I bought with %3 plus closing cost. Sometimes you can even get the seller to pay the closing cost too.
Let's do some math: 200k a year is 16.6k per month. Subtract taxes it's 13k. Banks like to see you spend 1/3 of your take home for housing, which is $4300/mo. With the average house price in Reno at 550k, $4300/mo leaves plenty of room for a 6.2% mortgage, taxes, and insurance. Where is this couple's money going? Expensive cars? Partying?
You left out the $1 million student loans
@@ryanwalters6184 Remember, they said they wanted to start a family. Add is $1500 a month for child care, and another $500 at least for other child expenses.
Subtract $2k a month for food alone. That’s nothing! We’re in a similar boat. A $400k mortgage is a LOT after living expenses and with the 6.25 interest on a 30-year rate IF you have amazing credit. If not, good luck!
$2k a month for food? Wow. I live alone and I spend about $200 a month.
@@BillyMartin68 $200 a month? You’ve got to be kidding me. That gets you like toilet paper and a small bag of groceries.
Many people are force to move to Bel Air instead of Malibu due to skyrocketing prices. lol
Bel air is more expensive than Malibu
Stop Wall Street from buying homes!
Stop Indian CEOS (Microsoft, Google, IBM) sending jobs to India.
That would solve AT LEAST half the problems.
Yeah we're done
I live off grid
Hmmmmmm.....her credit cards must be maxed out, no downpayment, and no 6 months of salary saved in a bank acct 🤔
Property tax deduction cap of $10,000, need to increase to $30,000
Unless Federal land is located near a city where there are jobs, it won't do any good.
Must be DTI ratio extremely high. Consumer loans excluding mortgage must be one-half of a million dollars that made this person unable to afford mortgage
For people commenting on why the couple making $200K combined can't afford a home- they mean the couple can't afford to buy a home in the neighborhood where the woman grew up. The vid quickly shows a clip of home prices in her neighborhood going for around $1.5 million. These homes were likely under $200K or even under $150K when she was a child.
It's funny because those people claim she want luxury (bathrooms, ac/heat, lights etc) but don't understand that all new builds and renovations have to be brought to CURRENT city code standards that includes all of those. So the state/city says you need them and the people say they're luxurious.
They must have so much other debt or not a large downpayment.
They act like a tax break is a gift.
It's called living within your means. If you can't find a house on a 200K salary, the problem is not the housing market. Move elsewhere if the houses are too expensive. You don't have to live in your hometown to survive.
Wow. Try getting a job elsewhere and dealing with the costs and difficulties of moving nowadays. Without your home support system, since they want to separate people.
@J-tt1lu Yes, it's called life. I've done it, and people do it all the time as well, who make much less than 200K.
@@todd2324Well said. People feel as if they’re entitled to purchase a home where they grew up. Newsflash, the market doesn’t care about your feelings. It’s the ugly truth.
Do you want to stay in your hometown, or do you want to own a home? It’s that simple …
Too much government interference in the market place causes these problems. People can afford homes, they just can’t afford the homes they want.
Makes no sense.There's nothing in reno
While she's waiting for housing in Reno to become affordable, she could use the time wisely and loose some weight
Every company wants to charge customers more but pay workers less. Common sense tells you you're eventually going to run into a problem.
They keep building low quality expensive houses in my area and prices keep going up.
We just moved into our new apartment in Manila last month. It is a tiny two-bedroom with one bathroom.
My parents live at my place back in the States. I explain to my mom that our living space here is just a bit bigger than the two-car garage in our place there. It doesn't compute, as she thinks that 1500+sqft place they are in is just adequate. It's all about perspective. We are content in our 48sqm (517sqft) place. The best feature of our place? It's paid for, which makes it all the more comfortable.
You guys forgot property taxes About 10k average up and down the West.
25k down payment is no help and not all will be qualified with the interest and total cost of the house is sky rocket high,,.
Something I'm scared this could lead to, long term, is another tragedy like the apartment collapse in Florida.
1. Ownership of property or land becomes a thing done less by individuals and more by corporations.
2. Sorry you'll never own a home and will rent for life. Too bad for you.
3. The higher the demand for rent, the lower the power of renters and higer the power of rentees.
4. With that, lower standards of properties and apartment complexes. (If thats across that board what are you going to do?)
5. Not only will the standards go down, but with their increasing power the owners, to imcrease their profits, will be able to lobby governments to loosen regulations on thoes standards, which will include costly ones for saftey like upkeep, inspections, and the quality of materials used. Heck, maybe they'll lobby to undo the Florida legislation that was passed because of that collapse. I'm sure it is expensive.
6. Repeat of the tragedy in Miami where 98 people died.
Second and rental homes need to be taxed more than a primary residence.
but remember according to the mainstream news the economy is booming, wages are at all time highs and and unemployment is at all time lows!
They make 200k and can't get a home? Picky
Lol, shows you have no idea how the economy works. If there's inflation and people are still spending; that's a sign of a booming economy.
Me and my wife make just under $200k in Dallas.... We've been looking for a few years.. We're cooked
Actually, rising home prices ARE a sign of a good economy.
@@pendleton123 Have you considered going elsewhere?
They can't afford a $600K home on a $200K annual income? Why the heck not??
Simple corporations should not be allowed to buy homes. Next.
Not so simple. Corporations run the US.
the problem wont be fixed this decade
A lot of the cost of a home is the land. A proven way to improve affordability is to build vertically. We need a lot more low rise and mid rise residentials. Instead of everyone having a tiny yard we can have common spaces like dog parks and community gardens. Increasing density make everything more affordable. One fiber serves many units. Same with utilities and mass transit.
200k and can't buy a home? You are spending way too much on unessentials I'm a single income earner of 200k and got a home in san diego had to save up for 13 years but got 400k down payment.
Had you had bought that exact home with half of the amount you made and with let’s say 60k down by now it would have been paid off 😔
Do you have kids? They said they wanted to have kids, so add in $2000 a month for child care and other expenses. They COULD afford it if they don't have kids. In the boomer generation, you didn't need college, and you could have multiple kids and the same house with 1 person working. The wage gap has been growing quickly since the 80's.
@@heyaisdabomb they could have a child, then buy a house later. Remember, you can buy a home at any time, but biologically you can’t have children at any time
@@dorino9057 yes, in 23 years when their kid is out of college. But rent isn’t affordable either. Basic jobs with a high school degree used to be enough to buy a house, but that’s not the case anymore. Good jobs with a college degree and lots of college debt MAY be enough in the right place, but isn’t enough in most major cities
@heyaisdabomb They aren't living within their means. They need to move elsewhere.
This housing crisis was a long time coming, only accelerated by the pandemic. The inaction of politicians, especially state and local politicians have been pedestrian.
This is a global crisis and it’s sad that citizens in one of the wealthiest countries in the world cannot afford a home.
My city of Long Beach focused so much on affordable housing but most of what they provided were more rental units. Not purchasable.
There was once a time when our great great grandfathers hitched the wagon and hit the road in search of greener pastures and an easier life. I too took this road just over 2 years ago and haven't looked back. Being tied down to a certain metropolis or region that isn't working for your family is wild. Never in a million years will I go back to the west coast. Vacation and visit family? Sure. But you won't catch me being a debt slave ever again.
They earn my entire annual income in less than 3 months. 😅
Don’t matter who win😂 people really think price will go down 200-400K? Both of them only care about themself
Why don’t they move to Florida or North Carolina?
I hear prices are dropping there.
Insurance rates are up though, which balances out. My son lives in NC and he saw apartments that were flooded on the second floor, which means the water damage is extensive and it will take a lot of due diligence before buying a place.
The government and the fed need to stop buying MBS and guaranteeing mortgages. Home prices will drop real quick.
Why is she completely sold on Reno? Would it be worth her while to live somewhere else that's more affordable? What are the pros and cons of her going somewhere other than Reno?
I bought a fixed up 1950s Florida Bungalow in Dade City FL for $78.8k in May 2020 on a 3.75% note. I'm good.
Congratulations
Neither candidate will fix the issues we're facing today. Not even in the slightest.
Reno has absolutely been ruined by these California people. my small town Minden is now building affordable housing….. what’s next Walmart in Genoa ?
200k a year and you can't buy a home, you need to better budgeting your money. Most single people earn 30k a year, your 100k a year is like winning a lottery.
Unaffordable housing is simply un-American and not reflective of an egalitarian society. The supply/building of new affordable homes needs to increase dramatically and corporate buy ups of blocks of property need to be limited to a small percentage of the regional housing total. Greed is not good folks.
200k. That’s almost upper middle class. Y’all got deeper problems.
If reason played a key role, the vote would be 90% Trump
Do you want to buy a house now, or later? Interest rates determine the price of the building, people want them to. If you sell a house at this time and rent a house for two years, you just want all the money. But do it, you should.
Nothing is stopping you from starting a family in an apartment except you.
It's been proven apartments don't entice family building. It's been the same all over the world. I certainly don't want a family in a apartment. If I can't afford a home I shouldn't be having a family. That's not a life worth having for my kids.
Can't wait to hear in 60 more years "No ones stopping you from starting a family in a minivan but you!"
It's called living between your means
Trump "let's use federal land for housing" Oh I'm sure the construction companies would love that..
All they would build would be high priced homes to boot.
200k a yr.. no excuse not to be able to buy a house. The problem is she’s probably looking for a mansion trying to live like a millionaire..
Start taxing people the full value of their houses.
The End Hedge Fund Control of American Homes Act of 2023, unfortunately, went nowhere. I have been renting a 3bd/2bh house in Winston-Salem for over a year. Approx. 5 houses out of 12 on my normal residential street are owned by Firskey (Cerebrus Capital Mgmt PE firm) and American Homes. I pay Firstkey near 25K a year to live here, They bought the place for 230K in 2021. They won't sell it to me and even if they did, prices are North of 325K now. Really depressing but I agree who is in the WH is not going to help this.
I'll say it again, the election and/or presidents will not change the fact that homes are expensive. Housing is a free market and people are willing to pay higher if they need to. 3.5% down on a $600K home is $22,000. At 5.5% rate, the payment is $4,400/month with taxes and insurance. If you are making $200K per year, you should be able to afford that. Unless you just spend money like crazy and don't have anything to show for it.
Her dad loved Led Zeppelin for sure! $200k and can’t afford a house in NV? That seems off though!
What a well-made video. Not sure why the comments are brigaded by idiots projecting their political agenda
Live within your means. Don't bite off more than you can chew. Im certain there is a lot of wasteful spending if you cannot find a home while making $200k/y. May be adjust your expectations to something more realistic... Or an area that is within your qualifications...
Oh no i cant afford a 1.5 million dollar home im so broke
Missed the part where they were her childhood homes that at that time were only around 250k to 300k. So another example of this generation not having the same opportunities as their predecessors at the same age. But nice try
I don't understand why people are complaining about housing when most people owns 3 to 4 homes already.
Something tells me many cities will and up like Detroit while small towns become big cities
$200K/year? Thats a You problem
You should be able to buy a home if you make $200k/year. Something is wrong with their financial situation / the way they’re looking
Buy a van, a smarter financial investment, and free. No need to "owning" a house, paying mortgage, home insurance, and property taxes for 30 years.
American Dream 😂😂😂 wake up, its a dream.
Both of them probably have a lot of debt, specifically students debts. Otherwise $200k a year should afford them a starter home in or near Reno.
Housing for profit ! Just like our medical care and food ! We're cashcows for the rich !
I don't buy it. Right next to Reno is a town called Sparks. There are excellent homes there for less than $300,000. With $200,000 annual income they cannot afford that? Do they have a gambling or a drug problem?
Inflation brought to you by the lawmakers who answer to the billionaire criminal class
They have to have a lot of debt. I make about 200k after bonus and I have a 500k house with 400k mortgage. I am a single mom with a child. My child has medical issues also so I pay a lot for medical expenses. With all that I still have enough for extracurriculars for my kids, investments, college savings, and traveling. This family must have a lot of debt though, otherwise I don’t understand.
lol thought this story was from 6 years ago
The value of the dollar is plummeting.
Maybe the government should do something to increase its value?
Stop printing trillions and sending it overseas!
Does anybody ever consider government is the cause of a worthless dollar? 🤷🏻♂️
Lucky her, we make less than half and the only hope is my VA loan...thanks for nothing Washington!!!
Made all the right decisions? If you weren't out protesting to change housing as a depreciable good versus appreciating asset, then you weren't making the right decision. But I didn't do this either
Build a school house
Don’t worry, government will help freelaoders. 25000 price increase, since the government wants to help freeloaders you will have to pay more so we can help them, not you!!!!
And it gets worse overpopulation from across you know where doesn't help.
And you will all still keep voting for the same policies that got us here, Democrats and Republicans are two sides of the same coin!
Cali fornication is to blame
Keep voting democrat. Last 3.5 years have been wOnDeRfUL to this nation.
Kamala Harris’ failure 😂
Go to texas
Just vote for President Trump..❤❤❤❤❤
not sure if this video is lazy journalism or just plain being dumb.....the median salary in Reno NV according to latest BLS data is $61k annual, they're over 3x that amount and can't afford a home lol, probably in debt from gambling or addicted to crack
lol, vote blue
lol voting does nothing delulu
One person's pain is another person's gain as a home owner I don't want home prices to go down...😂😂😂😂
The walking Dead
Thanks Biden Harris
well when trump was president even I could afford a house but for those of u who voted for biden this is karma people. karma karma
Housing prices are not greatly affected by who is President. The fact that you could buy a House with Trump in office and not Biden is mere coincidence.
Bidenomics