LoPo
Well-Known Member
I hate that for you. It sucks. I'm right in between in my mid-40s. Thankfully my wife and I were able to get a great house 4 years ago south of Nashville. It has doubled in value in that time.Late 50's and beyond I think.
And yeah, it's brutal. Finally paid off my exhorbitant student loans, was saving up for a home, and then the housing market exploded. Sucks when you feel like you're doing everything right, and it's still a never-ending uphill battle.
This isn't intended to be a self-pity post either - it's more a pity for my whole generation. I make more than most people my age that I know - most my age have it worse than me.
For me, the biggest culprit is stupid HGTV and Airbnb. Flipping houses, real estate investments, etc were very smart investments but only a few people were doing it. Then that channel popped up about 10 years ago and everybody got into it. Then people buy 2nd, 3rd and 4th homes to Airbnb or rent out. And they usually buy the "starter homes" that would be great for people in their late 20's and 30's.
It all sucks, and I hate it for people in your situation.