It's more galling when you realize these shortages, at least of housing, are artificially created in order to make sure people keep working as much as possible.
It's more galling when you realize these shortages, at least of housing, are artificially created in order to make sure people keep working as much as possible.
Mostly just homeowners voting in their self interest, and unintended consequences.
Even with rent increases, I can live in 500 sqft apartments and basically retire in my 30s/40s.
If I buy a house I’ll work until I’m 70. And I’ll be house poor that whole time.
The price of single-family detached homes is so out of line that it is absurd.
How will you pay for the ever-increasing rent on apartments when you're 70 and beyond?
Owning a house is short-term pain but allows you to lock in a "rent" (mortgage) which will never increase and will at one point go to zero, hopefully before you retire.