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Comment by jdross

You can’t afford to buy a home because the current owners vote to restrict new housing through zoning and expensive regulation on construction permitting, so supply is limited in the places you’re trying to live (a higher income region?).

The government also subsidized mortgages for the prior generation to increase asset values and now that time is up. Subsidized demand = inflation

Finally, you likely want a bigger house than your parents had. And most people want it to be in the cooler area, not somewhere in Iowa where schools are great but restaurants and non-remote jobs are lacking

parent jdross 10 months ago

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