"It's no secret that home prices have risen 46% nationally since 2020, all while the cost to finance them skyrocketed too, with mortgage rates piercing the 7% line in 2023-2024. With the average home buyer in 2019 paying $9,061 in mortgage interest annually, the mature figure is expected to be $24,345 annually as of July 2025. All while the cost of everything has gone up, and not by a little."
"Short answer: Those who did not own some form of inflationary asset before 2020. Long answer: The generation that was learning what being a young adult was like when COVID struck may be a group to focus on. A generation that watched their parents at a young age navigate the dark markets of 2007 to 2009. A generation that came to be teens when politics just started to turn on its head. Leaving positivity & vision behind to pursue hating our neighbors instead."
Home prices rose 46% nationally since 2020 while mortgage rates climbed above 7% in 2023–2024, dramatically increasing annual mortgage interest burdens from roughly $9,061 in 2019 to an expected $24,345 by July 2025. Broad inflation pushed up costs across essentials: used car financing, insurance, home energy, and childcare all rose substantially. Individuals without prior inflationary assets have been hit hardest. Younger adults who entered adulthood around the COVID lockdowns face amplified barriers to homeownership and financial stability. Wages have not kept pace with price increases, making routine life and major purchases significantly more expensive for that cohort.
Read at www.housingwire.com
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