If Nobody Can Afford A Home....Who's Going To Buy Them?

🔗 Watch Next:    • Don't fall behind - High income skill...   Have you ever wondered why some people find it really tough to buy a house? Well, it turns out, not many young folks can, and houses keep getting more expensive. Let's figure out why! Even though lots of people can't afford to buy a house, the prices of houses keep going up. But how can this happen when so many folks can't even save up for the first part of buying a house? Let's look at three big reasons why buying a house is tricky. I'll explain them in simple words so we can understand what's going on. First off, buying a house isn't as simple as saving up some money. The way we buy houses has changed, making it hard for people to catch up with the rising prices. Think about Zillow's numbers – the price of the average home jumped a lot in just three years. People's pay, on the other hand, didn't go up as quickly. So, even if you save a lot, it might not be enough to keep up with the super-fast rising house prices. Now, there's another reason houses are expensive. Not many people want to sell their homes right now. This makes it tough for those who want to buy because there aren't enough houses available. Timestamps: 00:00 - Intro 00:19 - Housing Costs 00:42 - 3 Reasons Why Buying Reals Estate is Impossible 01:55 - Is this Problem Improving? 02:15 - Outro