In the modern world, buying a home is no longer an achievable dream for many Americans. The Department of Housing and Urban Development reports that the median price of a new single-family home in May 2023 was $416,300, compared to $84,300 in 1985. Despite the rise in incomes, they haven’t been able to keep up with the increasing cost of real estate. This has forced many Americans to postpone purchasing their first homes until much later in life. In 1981, the average age of a first-time homebuyer was 29 years old, but today it’s 35.
Several factors have contributed to this shift. One major factor is the national debt, which has ballooned to over $34 trillion and led to inflation and economic instability. Another significant contributor is the Biden administration’s immigration policies that have allowed millions of illegal aliens into the country and put a strain on local and state economies. Despite these challenges, there is still hope for prospective homebuyers. On a recent episode of the “Problematic Women” podcast, two young first-time homebuyers offered advice for those looking to purchase their own homes.
In other news discussed on the podcast, there was criticism directed towards the White House for focusing too much on “transgender visibility” instead of celebrating Easter Sunday’s Resurrection of Jesus Christ. Additionally, Florida made a significant move to protect the rights of unborn individuals. The episode concluded with an announcement about the “Problematic Woman of the Week.” Listeners can tune into this podcast to learn more about these topics and more.
Buying a home remains an elusive dream for many Americans today despite rising incomes. While some may feel discouraged by current market conditions and financial constraints, others see it as an opportunity to invest in their future and provide stability for themselves and their families.
In recent years, several factors have contributed to this shift in thinking towards buying homes later in life or even not at all due to financial constraints or uncertainty surrounding real estate prices.
One major factor is inflation caused by ballooning national debt levels which have created economic instability.
Another significant contributor is immigration policies implemented by President Biden which have allowed millions of illegal aliens into the country leading to increased competition for resources such as housing.
However, there are still ways for prospective homebuyers to find hope amidst these challenges.
On a recent episode of “Problematic Women,” two young first-time homebuyers offered advice on how best
