Exclusive: most renters surveyed by Harris Poll say the areas they live in have become so unaffordable they are ‘barely livable’
The poll, conducted by the Harris Poll Thought Leadership and Future Practice, asked survey takers to identify themselves as renters or homeowners, along with other demographic information. Those polled were asked their opinion on home ownership in the United States. For many, especially renters, the outlook is bleak.
Though the vast majority of renters polled said they want to own a home in the future, 61% said they are worried they will never be able to. A similar percentage believe no matter how hard they work, they’ll never be able to afford a home.
“When you think about Maslow’s hierarchy of needs, and housing is right at that foundational level of security, the implications on consumer psyche when things feel so unaffordable is something that will impact everyone,” said Libby Rodney, chief strategy officer at Harris Poll. The American dream of owning a home “is looking more like a daydream for renters”.
Very easy to own a home. Just buy a house in the middle of nowhere, and then have a campervan
Yeah… I’ve been looking in a lot of “the middle of nowheres” and I can’t find work anywhere even remotely close (1hr drive) that doesn’t pay complete dogshit that wouldn’t cover the bills. Not to mention the houses I keep finding are in bumfuck nowhere and yet are asking $150k+ for a house that is listed as a “teardown.”
…$150k for the luxury of having to build a new home over it… It’s absolutely fucking disgusting.
But yes, if this advice is for the lucky tech bros that can move wherever the hell they want, then sure. There are houses to “buy.”
Another user just posted a beautiful home for 180k. Sucks that your Google skills suck so much u can’t find them.
Even the houses in the middle of nowhere are $400K in my state. Rundown, off State Route X, nearest neighbors are all poor trash house? Still $400K.
I’m looking to build in the next year, and just expect that housing will be 50% of my pay or more because I’m sick of renting and being unable to prepare for when the rent shoots up $300 a month like it did last year.
Unless you’re in California or some other very high CoL in a city area that’s pretty doubtful.
In 2018 purchased an 1800sq ft 3 floor town home in northern Virginia in the fair fax area (very wealthy area) for 420k. 2 bed room 2.5 bath, built 2005.
I sold it in 2021 for 550k, probably could have made a bit more but we wanted to move . So there was definitely a big increase. But that’s a very nice, 2 BR, etc. there were cheaper ones. Down in the 300 range would get you a smaller home. Bought a nicer home in 2021 in a wealthy ish town of a small city. 2300 sq ft, 2 car garage, good schools, half acre to relax on. 450k after a second round of 3 way bidding.
The idea that you can’t purchase a decent home in a nice area for 400k is entirely incorrect. https://www.zillow.com/homedetails/5908-Founders-Hill-Dr-UNIT-302-Alexandria-VA-22310/51919565_zpid/
And to be clear, 400k isn’t affordable, we should drive that down, I just didn’t think what you said is realistic for most areas. It sounds unique ish to your area.
I don’t know what to tell you. I’m in Ohio, and everything is $400K, hence why I’m planning to go for a new-build…at over $400K.
Doesn’t even need to be middle of nowhere. Just needs to be ~30 minute drive away from city core. Cheaper suburbs are still very much affordable in every city I have seen.
Sometimes you gotta go out to that 20-30 min away “next nearest” smaller town that’s right next to the big city but isn’t actually in it. It has all your amenities and plenty to live off of, but if you wanna go to the big city’s malls, theaters, concerts, etc, you gotta drive 30 min instead of walk there.
Usually you can get very decent starter homes for 250k to 300k in said places, and usually in said “one off” towns the renting industry is much more slow, so you don’t have that “you have to buy NOW” pressure. Homes stay up for sale for a bit and you have more than 3 hours to make an offer lol.
Downside is now you need a car… though often even then the smaller towns have some form of public transport to the bigger city you can use, though it can be on a rarer schedule. IE your bus may only come every 2 hours so better not miss it.
I prefer “edge of the city suburbs” over “one town over” personally. Access to public transport means I skipped buying and paying for a vehicle and skipped straight to saving up for a house.
I’m gonna have to call bull on almost all of this, at least in my state. (The low listing times are real though… big money buying anything they can rent out)
To get to a starter home at $250,000 my commute would be 1hr and 50 miles minimum.
350k only gets me about 45 minutes and 30 miles.
And these time estimates are on a good day, because fuck good freeway design where I live. One goes north south, one East West, and that’s it. Everyone commutes on them and if you need to go anywhere in rush hours it’s three times as long
Checking Zillow for my city, it’s $500k minimum for a 2br an hour and a half away by car. That would also put me in the middle of a Republican area as a queer immigrant.
The “buy a house in the middle of nowhere” mentality doesn’t take into account the risks and depression associated with living somewhere red as a minority.
Just needs to be ~30 minute drive away from city core.
I skipped buying and paying for a vehicle and skipped straight to saving up for a house.
It’s not just this. Everything you said is objectivity bad advice.
Try looking in CO. The only house within 30 min of my job under $300k that isn’t a trailer or a tiny condo in this one old shithole building says, “everything needs to be repaired including structural repairs” in the listing. Trailers are still pretty much rentals and lot rent is outrageous ($800-1200 at basically every park that isn’t located directly on a hellmouth). Oh wait, I could go 90 min out and get a sweet deal of just $220k on a house that’s basically just a rotting outside and interior framing and insulation. What a great opportunity!
Try looking in one of the most desirable places to live in the country right now??? Are you all clueless???
Of course everything in CO is super pricey it got all that sweet Cali money flowing in.
If you’re expecting popular places to be even reasonably priced you’re kidding yourself.
It’s like going to a Bentley dealership and saying well where’s the bargain lot?!?!
You look foolish.
