In 1985, the average worker needed just 5 years to save a 20% down payment. Today, that is 13.5 years. That’s the longest timeline ever recorded.
The average mortgage payment has jumped 114% just since 2020. That is the fastest in American history.
This is not a collapse in prices; it is a collapse in opportunity.
A society where 70% of adults will never own a home is not a stable society. When people don’t own anything, they don’t feel invested, and when people don’t feel invested, they walk away.
This is worse than 2008, but for those paying attention, there is always a way to make the situation work to your advantage.