Ep 5 — The Starter Home Is Dead
Two dads, The Last of the Oaxacans, and a stat Ryan drops before anyone says hello: the median first-time home buyer is now 40 years old, and first-time buyers are a record-low 21% of the market. $110,000 of income to afford a typical US home. $71,000 for a starter home, on one earner, at 6.7%.
The numbers turn out to be the smaller half. Pete walks through the prodigal son — the son who wasted all of it and still believed he could go home — and Ryan lands on what's underneath it: home has to be the place where the porch light stays on. From there it's a daughter asking her dad to help with…
The skinny
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