Orlando realtor Freddie Smith discusses how owning a home and living a typical middle class life has become increasingly unattainable for most millennials and older Gen Z.
TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.
transportation costs, suppliers, loss prevention is not 100%, insurances, food, lower customer base due to inflation/ cheaper lower quality alternatives (goes hand in hand), office supplies/ services, etcetera
inflation has hit everyone even in the shady areas
I can technically afford my house and acre on my wife and mys income
Doesn't mean I'm not currently planning and setting up my network of legit customers of shitake and no other mushrooms to help make sure I can survive, no sir
No, it really was true for a long time (as long as you weren't a minority). Wealth disparity has skyrocketed in the last few decades. It's why boomers can't grasp that people just can't afford to live--in their day, anyone who couldn't afford to live was just plain lazy*.