Why the HOUSING Market is a complete DISASTER for Millennials, Gen Z and First Time Home Buyers 

Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult

The crushing blow for some of us was having a lot of debt and making 50-60 back then and being rejected. I own a home but it isn’t much for making around 80k now and after cleaning up some debt. It’s just sorrow inducing.

Not a disaster, working exactly as intended. "You will own nothing and be happy." -Klaus Schwab

New American dream is to stay alive

Don’t forget about large corporations buying up cheap housing and renting out for elevated prices. Doing so well they are now on the stock exchange…that’s wrong

I am from vancouver bc, you guys have no idea what coming. Its going to get much worse.

Thank you for helping me understand what's going on. (Still miss you on DOOL!!) ❤

I like your videos. They are very informative. They make me depressed because for millennials and above, owning a house is becoming super unrealistic super fast.

Freddie, you lived in LA. Maybe you know how rents have gone up here. It's nutz. My friend that lived in Silverlake couldn't afford rent anymore, so he moved to Glendale. But rents keep going up. Even Glendale is getting too expensive. How do we increase supply for renters, not just for home buyers.

Thank you for letting us know… miss you on Days

More like you need a healthy 6 digit income, not merely $115K/year. We need to ban ownership of mass numbers of houses like Blackrock as the prime example, and start building condos like mad. And I've known for a long time, renters cannot ever retire. That includes this boomer (age 61) as well as Gen X and later. And one thing that gets me is why GROSS, not NET income is always used in the calculation. By using "gross" not "net" it's no wonder people are "house poor" aka rent or mortgage burdened. I have always used NET because the money lost in taxes falls into a black hole that you never see again and makes the black hole heavier - and hungrier.

I saw that George Kamel from Dave Ramsey reacted to one of your videos. I was surprised to see you there! Did you see it?

Not good. Sad to think it’s even worse in Canada, Australia, and many other countries.

There is no American dream for anyone but the rich anymore. We have no dream and no future. We can't afford a home, can't afford to have kids and can't afford to ever retire.

I miss seeing you and Alyssa doing your show. I hope you two (and, Benji) are doing well. Hopefully, you guys will have a Q&A soon. Keep up the good work.

I am glad you have found a new career since leaving days but i miss the diversity of subjects on your podcasts Are you going to resume your podcasts it has been almost six months since your last one

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

Oh, we all know the bromide for this problem (and evidently all problems) will be tax cuts for wealthy investors.

Freddie, I miss you as the original Sonny on Days!!

The median household income in the US in 2024 is $80,000. With good credit and low debt, you can qualify for a $350,000 home with a payment of $2700. Depending on your circumstances, you may not want to extend to your maximum qualification. Many people buy below their means understanding that their pay is going to increase roughly 3 to 4% a year. This, combined with equity in their home, can allow them to either upgrade their existing home or buy into an upgrade. This is why run away inflation is such a concern for everyone. The straight calculations you're using do not tell the whole story. The current median home price you're using means that 50% of homes are below $420k and 50% above. This doesn't mean that all homes below $420k are substandard. In many parts of the country, new construction can still be purchased from $280k. There is a lot of turmoil in certain regions of the housing market due to the supply you're talking about, but this doesn't mean people in the median income range can't buy homes. Our economic issues are complicated by several things and one of the primary concerns we face today is inflation which is devaluing everyone's dollars.

A lot of us saw this coming after theaat one because all of the crap that caused the last one never ended, they just changed the names

Who did this generation overwhelmingly vote for again?

So why blame boomers?!