Bought a house in 2023 and it has been very painful. I bought too much house so budget has been very tight. Hoping interest rates go down so I can REFI from 6.7% to maybe 5%. Would help some.
6 months ago | 25
We make over $250k/yr have decided to remain in our undersized house instead of tripling our mortgage payment just to get an extra bedroom. This market is outrageous.
6 months ago | 24
In texas, my realtor basically told me, i need to make 130k to not be in the ghetto.
6 months ago | 4
My husband and I make over $250k and we bought our house in 2021 with a 2.9% interest rate. Never letting go of that
6 months ago | 5
Honestly, I just bought an RV to renovate a year ago, and now I’m not sure I’ll ever buy a house. I feel more stable spending would-be rent money on upgrades and fixes than I would being over-leveraged in a home, and that’s wild to say.
6 months ago | 5
Built a house in 2019. Value went from 350k to 540k today. Refinanced to 2.75% in 2021. Never selling.
6 months ago | 4
I’m the millennial american dream. I have no student loan debt because I didn’t know what to do and couldn’t afford school, started my own business, struggled with it, then got hit by a plastic surgeons wife driving drunk and settled out of court for a large sum of money. I now own a home that’s paid off.
6 months ago | 3
Bought in 2020 and can't see us ever letting go of the 2.75% interest rate. We've been putting money into the house to add a bedroom in the basement and convert some garage space into an office, because it's just more worth it to put money into this house than to try to buy something bigger.
6 months ago | 3
Bought in 2015 at market low. I thank god everyday I bought when I did.
6 months ago | 4
Do you guys include property taxes, HOA and home insurance in the 25% rule? Here in Texas, a 350k home in the suburbs would cost me like 3500 a month including all those items. Crazy cost. I’m single income family as well, feels crazy expensive.
6 months ago | 3
Even if you can “afford” a house, the issue too is that you’ll get priced out by someone bidding 20-80k more than you on the same house. The barrier to entry for first home buyers is getting harder and harder
6 months ago | 1
Was blessed to purchase my house in 2011. Got it at a fixed rate 4.375 and in the low $100K's. Grateful that I made that decision bc the housing market is outrageous right now.
6 months ago | 2
Locked in a small home at 2.75% interest. Hoping in 4 to 5 years interest rates will be low again and we can easily afford a larger home. If not, we will have to sell 1st to move, which is a pain.
6 months ago | 1
Bought in 2023..we were lucky yo have the VA Loan and to live in a state where we get tax exemption due to our military background. That's our saving grace right now
6 months ago | 1
They don't want certain people to survive. Figure it out or go away. Complaining won't help you.
6 months ago | 2
Marko - WhiteBoard Finance
Housing affordability is at its worst in decades…
You now need over $92K/year to buy a typical home in the U.S. — up 79% since 2020.
👇 Be honest — where do YOU stand right now?
Poll Question: Can you currently afford to buy a home in today’s market?
🎥 I just dropped a full breakdown of why this is happening and what you can do about it.
👉 Watch the video here: https://youtu.be/CCjuLT2B6Y0?si=t8nrN...
6 months ago | [YT] | 79