+
upworthy
Pop Culture

Realtor breaks down how outrageously house prices have risen against income in just four years

Is buying a home still part of the American Dream?

home price increase

Realtor Freddie Smith shows the math of why millennials can't afford a house.

Does this conversation sound familiar?

Millennial: "Housing costs are ridiculous. And now mortgage rates are double what they were a few years ago. How am I supposed to afford to buy a house?"

Boomer: "You know what the interest rate was on my first house? Over 16%. I'd have loved to have a 7% interest mortgage!"

Millennial: "But you could raise a family on a single middle-class income when you were my age. That's just not possible now."

Boomer: "Well, maybe if you stopped buying avocado toast and Starbucks, you could afford a house."

Millennial: [blank stare]


Generational battles over economics aren't new, but some eras provide more fodder for such exchanges than others. Right now, it's the cost of housing that has younger people feeling stuck while older folks (or people who were lucky enough to land a house several years ago) are sitting pretty on the equity they've gained since the pandemic started.

Those of us who already own a house and aren't thinking of selling any time soon may not be fully aware of how drastically things have changed for those in the homebuying market. One realtor on TikTok shared a breakdown of the numbers, and it is eye-opening.

Watch this explainer from Freddie Smith:

@fmsmith319

Housing cost from 1995 vs 2019 vs 2023

Umm, yeah. It would take a truckload of avocado toast to even come close to making up for that increase. And these numbers are assuming you could even afford an $84,000 down payment. First-time homebuyers can often qualify for a 3% down loan, which makes it easier to get into the house but increases the monthly payment.

People in the comments commiserated, and many people asked what they were supposed to do in light of this reality. Some suggested buying land and putting a cheap mini-home on it until they had enough saved up to build a house. Others said to wait it out because the current market isn't sustainable and we may see a housing crash. (Though, as one commenter pointed out, "[In] 2019 we were told everything would crash but instead everything went up in record numbers.")

Some blamed the current administration, completely ignoring the global pandemic of the past three years that resulted in economic upheaval and ongoing fallout everywhere. The immediate housing market has always been somewhat unpredictable, and it's a crapshoot as to whether or not it's the best time to buy.

But when you can't even come close to affording it, it's a moot question anyway. Surely, something's got to give, but the question is what, when and how.

Smith has many, many videos showing the math behind the housing market. Follow him on TikTok for more.

Education

A school assignment asked for 3 benefits of slavery. This kid gave the only good answer.

The school assignment was intended to spark debate and discussion — but isn't that part of the problem?

A school assignment asked for 3 "good" reasons for slavery.



It's not uncommon for parents to puzzle over their kids' homework.

Sometimes, it's just been too long since they've done long division for them to be of any help. Or teaching methods have just changed too dramatically since they were in school.

And other times, kids bring home something truly inexplicable.
Keep ReadingShow less


Teacher Bret Turner thought he'd kick off the morning with his first-grade students using a little riddle.

On the whiteboard in the front of the class, he scrawled it out in black marker:

"I am the beginning of everything, the end of everywhere. I'm the beginning of eternity, the end of time & space."

One student raised their hand, the first to venture a guess.

Keep ReadingShow less
Identity

Non-Americans are sharing the ‘dead giveaway’ someone is American and they are pretty right

The dead giveaway is when they call me "honey" or "sweetie" or "darling."

via Flickr, Flickr, and Flickr

Three American tourists enjoying the sights.

One of the most interesting things about traveling the world is noticing how people from your country are a bit different from the place you’re visiting. In America, you’re mostly around fellow countrymen so it’s hard to notice the things that make us stand out.

But when you travel abroad, you quickly notice that no matter how hard you try to blend in, there are a lot of dead giveaways that show people you’re from the states that go way beyond your accent.

Keep ReadingShow less
Parenting

Teenage girl shamed for her ‘distracting’ outfit fights back in a very funny way

“[Because] she has a figure she was told she had to change.”

Photo from Facebook page.

A clever message written on her T-shirt.

A Lawton, Oklahoma, student who goes by the Facebook user name Rose Lynn had the last laugh after being sent home from school for wearing an outfit deemed "distracting." Rose Lynn believes her outfit attracted the attention of school officials because of her figure.

She proved it by posting a photo on Facebook of her modest outfit, which consisted of black leggings, a t-shirt, long cardigan, and boots. In her post, she wrote that she was sent home "because I'm developed farther than the average girl my age," and because she's a "CURVY woman." Rose Lynn also thinks the appropriate response shouldn't have been to tell her to cover up, but to teach boys to "to respect the boundaries of young ladies."

Keep ReadingShow less
Science

She tattooed half her face and you'd never know it. Her skills are just that good.

This incredible medical tattoo technology is giving renewed hope to burn victims.

All images via the CBS/YouTube

Basma Hameed runs a tattoo shop, of sorts...


Meet Samira Omar.

The 17-year-old was the victim of a horrific bullying incident.

Keep ReadingShow less

Taylor Swift at 2022 Toronto International Film Festival Red Carpet Day 2.

The wordsmiths over at Merriam-Webster have announced their official “Word of the Year for 2023,” they say it’s something we are “thinking about, writing about, aspiring to, and judging more” than ever.

The word is authentic.

According to the dictionary, the most common definitions of authentic are “not false or imitation,” “being true to one's own personality, spirit, or character,” and “worthy of acceptance or belief as conforming to or based on fact.”

Merriam-Webster says the word saw a “substantial increase” in lookups this year. That’s probably because we now live in a world where artificial intelligence, deepfake technology and questionable memes challenge our basic notions of reality.

Keep ReadingShow less