▲ 353 ▼ Why Americans feel gloomy about the economy despite falling inflation and low unemployment (apnews.com) submitted 2 years ago by throws_lemy@lemmy.nz to c/news@lemmy.world 218 comments fedilink hide all child comments
[+] interceder270@lemmy.world -19 points 2 years ago (1 child) I never said it would be easy. Do you only do things if they are easy? permalink fedilink source parent hideshow 2 child comments replies: [–] Anamnesis@lemmy.world 10 points 2 years ago* (2 children) I make about $75k a year, but to afford a $700k house (which is a "reasonable" price) near my city (Seattle), I'd have to make $150k per year. The only affordable houses are two hours' drive away, and there are no "starter" homes to buy. I can skrimp and save for the rest of my life (and I am). But unless I get a huge raise (and I'm already above the median national income), buying a house is impossible. Not just hard, economically impossible. permalink fedilink source parent hideshow 4 child comments replies: [–] bitsplease@lemmy.ml 7 points 2 years ago Have you tried just making more money? Jeez, you poors are just so lazy. (I really wish this weren't needed, but I think it is) \s permalink fedilink source parent [–] time_fo_that@lemmy.world 5 points 2 years ago* I'm also in Seattle and it's bad out here. I was looking at townhouses last year before the rates went up but couldn't get a mortgage because of a limited amount of work experience since getting my second degree during the pandemic. I was actually surprised that I could have afforded a decent townhouse in like Edmonds or Shoreline until the rates shot up - going from 3.5% to 7% adds something like $1000 a month in interest on a $400k mortgage. Then I realized I have never lived alone before and wasn't sure if buying a place was the best way to try that out lol. Average rent in Seattle right now though is like $2300-$2400 a month which is close to 50% of the take-home income of someone making $100,000 per year. It's insane. permalink fedilink source parent
[–] Anamnesis@lemmy.world 10 points 2 years ago* (2 children) I make about $75k a year, but to afford a $700k house (which is a "reasonable" price) near my city (Seattle), I'd have to make $150k per year. The only affordable houses are two hours' drive away, and there are no "starter" homes to buy. I can skrimp and save for the rest of my life (and I am). But unless I get a huge raise (and I'm already above the median national income), buying a house is impossible. Not just hard, economically impossible. permalink fedilink source parent hideshow 4 child comments replies: [–] bitsplease@lemmy.ml 7 points 2 years ago Have you tried just making more money? Jeez, you poors are just so lazy. (I really wish this weren't needed, but I think it is) \s permalink fedilink source parent [–] time_fo_that@lemmy.world 5 points 2 years ago* I'm also in Seattle and it's bad out here. I was looking at townhouses last year before the rates went up but couldn't get a mortgage because of a limited amount of work experience since getting my second degree during the pandemic. I was actually surprised that I could have afforded a decent townhouse in like Edmonds or Shoreline until the rates shot up - going from 3.5% to 7% adds something like $1000 a month in interest on a $400k mortgage. Then I realized I have never lived alone before and wasn't sure if buying a place was the best way to try that out lol. Average rent in Seattle right now though is like $2300-$2400 a month which is close to 50% of the take-home income of someone making $100,000 per year. It's insane. permalink fedilink source parent
[–] bitsplease@lemmy.ml 7 points 2 years ago Have you tried just making more money? Jeez, you poors are just so lazy. (I really wish this weren't needed, but I think it is) \s permalink fedilink source parent
[–] time_fo_that@lemmy.world 5 points 2 years ago* I'm also in Seattle and it's bad out here. I was looking at townhouses last year before the rates went up but couldn't get a mortgage because of a limited amount of work experience since getting my second degree during the pandemic. I was actually surprised that I could have afforded a decent townhouse in like Edmonds or Shoreline until the rates shot up - going from 3.5% to 7% adds something like $1000 a month in interest on a $400k mortgage. Then I realized I have never lived alone before and wasn't sure if buying a place was the best way to try that out lol. Average rent in Seattle right now though is like $2300-$2400 a month which is close to 50% of the take-home income of someone making $100,000 per year. It's insane. permalink fedilink source parent