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Home prices across the U.S. surge to all-time high (www.cbsnews.com)

submitted 1 month ago by cm0002@libretechni.ca to c/usa@midwest.social

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Fewer than 4 in 10 non-homeowner households can afford a typical starter home priced around $200,000, according to LendingTree. Households need an annual income of roughly $117,000 to afford the average home, real estate firm Redfin has found.

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[–] gravitas_deficiency@sh.itjust.works 4 points 1 month ago (2 children)

Idk man I’m just chilling and putting as much of my spare cash into foreign assets as I can and waiting for the crash, because it’s probably the only chance I’ll ever have of owning a fucking apartment or condo or house or whatever

[–] Galapagon@sh.itjust.works 3 points 1 month ago (1 children)

How are you putting into foreign assets? Any bundles like s&p I should consider?

[–] gravitas_deficiency@sh.itjust.works 0 points 1 month ago

You can pick ETFs that are targeted on foreign assets in particular fields, or non-US companies that are traded in US markets. Or you can get stuff in actual foreign markets if you wish, as well as opening foreign currency denominated accounts. There are a number of ways to do it.

Do note that I am not a financial advisor.

[–] TubularTittyFrog@lemmy.world 1 points 1 month ago

the market won't crash. it will dip.

as soon as it crashes every billionaire is going to swoop in and prop up the prices.