A record 242 US cities now have starter homes that cost $1M
https://investors.zillowgroup.com/news-and-events/news/news-details/2026/A-record-242-US-cities-now-have-starter-homes-that-cost-1M/default.aspxOpen linkView original on lemmy.world108
Comments9
How the fuck do people afford a $10k mortgage?!
Inheritance. Crime. Both.
When you say housing crisis, I think you meant to say rich fucks own 3-4 houses and rent them as Airbnbs and make 5k in passive income. We absolutely already have enough homes built in USA that everyone can have a house. There's also the gutting residential tax for owning a home, I've seen in most parts because the house market is peaking that people's taxes are reevaluated 300x higher and forcing housed people to pay astronomical prices to keep their house. I'm 26 with no plans to change cities but I can't afford a house.
property taxes should be limited to the rate of inflation for anyone who is living in their primary residence. Once sold or rented or if they live somewhere else it can rise whatever.
Things cost what people are willing to pay. The housing crisis is an income crisis.
People are willing to pay more for artificially scarce resources.
What? Y'all don't just get a small loan of a million dollars from your dad?
Peasants.
When your starter salary is 2k after 200k debt but your starter home is 1m
Starter home was $300k ten years ago. Same house is valued at nearly $500k (for taxes) and would probably sell for $450k.