April 22, 2024 12:39 am
Struggling Economy and Rising Debt Force Young Americans to Delay Homeownership

Homeownership has long been seen as a key component of the American dream, but for many Americans, this dream is becoming increasingly out of reach. According to the Department of Housing and Urban Development, the median sales price of a new, single-family home was $416,300 in May 2023, compared to just $84,300 in 1985. While incomes have risen during this time, they have not kept pace with the rapidly increasing cost of real estate. As a result, Americans are purchasing homes later in life than ever before. In 1981, the average age of a first-time homebuyer was 29 years old, but in recent years that age has jumped to 35.

There are several factors contributing to this significant shift. The national debt, which now exceeds $34 trillion, has fueled inflation and economic instability. The Biden administration’s policies, including the allowance of up to 10 million illegal aliens into the country, have further strained local and state economies. Despite these challenges, prospective homebuyers can find hope in the stories shared on the “Problematic Women” podcast. These women offer advice on navigating the housing market and challenging societal norms.

On a recent episode of the podcast, hosts discussed why the White House focused on “transgender visibility” rather than celebrating Easter Sunday’s Resurrection of Jesus Christ. Additionally

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