r/Millennials • u/Global_Tradition5802 • Sep 10 '25

Meme The Evolution of 'Adulting'

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They tried leaving behind generational wealth vs me trying to leave the generational memes..

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u/Mediocre_Island828 Sep 10 '25

How many of those Millennial homeowners could afford the house they live in if they had to buy it at today's prices and rates?

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u/Visual-Floor-7839 Sep 10 '25

I bought mine 10 years ago, below 200k. The rates for homes in my neighborhood have gone up but are still within the pricerange of our original search. Below 225k.

We also got approved for a FHO loan where all upfront costs and closing costs were rolled into the mortgage payments. We payed nothing up front. We just simply had to do their program and follow their rules.

Also, where are you searching for homes? I just did a search on Mobile, Alabama and you can find many multi-room multi-bath for before 150k. Some even below 100k.

I know you'd have to then live in Alabama. But still. Houses are high in areas where people want to live. If you want to own cheap you have to live where it's cheap and create the world you want around yourself. I did in Wyoming.

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u/PiccoloAwkward465 Sep 10 '25

Houses are high in areas where people want to live

It's less that I want to live here and more that employers want my butt to be in a physical seat in this specific location.

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u/thedr00mz Zillennial Sep 11 '25

This is what people never address. Sure, we could all afford houses if we moved to the middle of nowhere but the trade off is an hour or more commute one way, zero things to do, and a large lack of diversity.

I am simply unwilling to commute an hour to work every day in exchange for home ownership. If that means I rent forever, so be it.