Some are a flash in the pan, others will last.
The housing market in the U.S. is a bubble that won’t burst.
Prices have skyrocketed to the point it’s now impossible for the average salaried worker to afford the average cost of a house. The average working American earns $66,622 annually. If the individual had zero monthly debts (unlikely) and put down 20%, then could afford a home of around $290,000.
The average house in the U.S. is currently listed at $419,000. Once upon a time, sharing insurance benefits was one of the perks of marriage. Now, the ability to afford an average house is one of them. This price tag can put buying a home out of reach for many people. It’s another reason why so many are looking to move or retire to Europe, where countries are more affordable.
Many countries around Europe have grown more expensive in recent years. Between 2015 and 2023, the average property listing in the EU rose by 48.1%. While sizable, it still doesn’t compete with the financial jump made in the U.S., as housing costs skyrocketed 46% between 2020 and 2022.
Maybe you’re someone who wishes you had bought a home a decade ago, back when homes were reasonably affordable and…
