Housing affordability is weakening at the fastest pace in a quarter century

[blue-wave]

A repeat of 2007/2008? Hold on, it could be a very rough ride in the near future.

[Hulk]

1. And rents are getting absolutely unaffordable as well.

Thousands of homes are being scarfed up by investors (those with the wealth to afford puchase price without financing) and AirBnB investors as well.

We're leaving. Can't afford our modest rental in the PNW any longer. I'm glad my four kids all have their homes, but I pity my grandchildren, and anyone else who is just starting out in the home ownership world. It's a nightmare. Starter homes are being swallowed up with offers often $10K+ over asking price. It's a dog eat dog world out there, and I am really sad to see this part of the American dream vanish.

[notdarkyet]

2. I predicted,and have seen,that lack of affordability in housing will,and is,making people having to

Live with friends or strangers or move back home. For the elderly there are homes that take five or six of them if they can afford it. Many become homeless.

[appalachiablue]

3. Rents & mortagages out of reach for many. Another brick in the American Dream

crumbling, like affordable college and healthcare, and decent paying, secure jobs. Systems have to improve.

[SergeStorms]

4. My daughter and son-in-law......

just sold their home (they're moving to a different city for his employer). They just sold their house in one day for 10% more than they were asking for. I was flabbergasted. They weren't, because they've been keeping an eye on the housing market. Actually the buyers offered 10% over the asking price plus $5,000, just so no one else could get it.

I don't understand the housing market anymore, I really don't. Are homes not being built? And all this time I thought the "Trump economy" was the best in world history?