Why can't people afford homes today?

400 sq ft home bought for 6k in 1960 is worth over 2 million today. Not even a beachfront property. I can’t be the only one that thinks this is absurd.

See also Trump’s Big Beautiful Bill faces a revolt in the House. The Senate version adds $3.3 trillion to the deficit and includes deeper Medicaid cuts. The Freedom Caucus says no. The vote could fail today.

The median down payment in the US is $64,000 or 15.36% on median priced home of $416,700. Homebuyers aged 25-33 rely heavily on gifts to fund their down payment

History may not repeat itself, but it certainly rhymes.

See also This is among the most significant scandals in Western journalism today.

h/t Slow_WRX