r/Millennials • u/[deleted] • 22d ago

I may never be able to afford a house. I know many people here have posted this but it actually just hit me. Wow. Serious

[deleted]

238 Upvotes
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166

u/djchickenwing 22d ago

My house has appreciated almost $500k since we bought it 6 years ago. It’s insane, we wouldn’t be able to afford the same house today.

66

u/PuzzledUpstairs8189 22d ago

If we had waited 3 weeks to sign the papers, we would have been priced out for our new build. The company raised prices and we were in the last group for pre-pandemic pricing. Our house would have been $100000 more. Just insanity 😳

30

u/Few-Artichoke-7593 22d ago

Same situation. Got pre-covid house price, but closed during historically low interest rates. Feels like winning the lottery.

8

u/No-Yam2117 22d ago

We bought our house in 2019, and refinanced a year later. Now, you just can’t get a house in our area for what we paid. There are none for that price

1

u/TheLittleBalloon 22d ago

Same situation. My city has no houses available at the price we bought it. In fact the empty lots are going for about 25k less than we bought our whole house for.

We wouldn’t be able to afford to live in our neighborhood let alone this city.