Does anyone here actually know someone who was permanently “priced out” of homeownership because they didn’t buy?

I’m going to be downvoted to Hades for the sin of questioning the narrative, but does anyone actually know someone who didn’t buy at some point pre-2008 and who has never been able to buy a home since?

The favorite slogan of this sub is “buy now or be priced out”. So where are all the priced out people? I don’t mean “I didn’t buy in 2015 and now can’t afford 2022 prices” I mean someone who could have bought more than one economic cycle ago and was never again able to buy a home.

Like maybe a Boomer who could have bought in 1978 or something and just has been priced out ever since. Or maybe a Gen Xers who could have bought in 1992 and has been locked out ever since by rising prices?

I keep hearing “priced out”, but aside from a few select markets like NYC or SF, I don’t believe it’s ever happened to anyone outside of the post 2008 run up in prices.

submitted by /u/Louisvanderwright
[link] [comments]

I’m going to be downvoted to Hades for the sin of questioning the narrative, but does anyone actually know someone who didn’t buy at some point pre-2008 and who has never been able to buy a home since? The favorite slogan of this sub is “buy now or be priced out”. So where are all the priced out people? I don’t mean “I didn’t buy in 2015 and now can’t afford 2022 prices” I mean someone who could have bought more than one economic cycle ago and was never again able to buy a home. Like maybe a Boomer who could have bought in 1978 or something and just has been priced out ever since. Or maybe a Gen Xers who could have bought in 1992 and has been locked out ever since by rising prices? I keep hearing “priced out”, but aside from a few select markets like NYC or SF, I don’t believe it’s ever happened to anyone outside of the post 2008 run up in prices. submitted by /u/Louisvanderwright [link] [comments]

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