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Just 12% of Americans aged 30 and under are married and own homes. Post-WWII 1950s, that figure was around 54%. Single and renting forever – is it the new American dream? A combined income of $180k won’t even get you into a starter home in many locations, according to some listeners. Housing prices and the cost of living are going up all over the country and especially on the West Coast. Many people cannot afford to live the way our parents did back in the day. When Lou was a kid, Sunday dinner every week was like Thanksgiving today. Is there still such a thing as a starter home? Many investors buy single family starter homes just to flip them and turn out a profit. Does that strategy end up squeezing out first home buyers? See omnystudio.com/listener for privacy information. |