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Housing Crisis Hits Young Buyers | Spokane News
Housing is out of reach for most young buyers—home prices have soared while wages barely budged, pushing the price-to-income ratio to a record 3.5. First-time buyers now average 40 years old, and nine in ten under 40 feel homeownership is harder than it was for their parents. Even outside pricey cities, affordability is shrinking nationwide, forcing many to live with roommates or move back home. Experts say prices may flatten slightly, but rising costs like insurance and taxes mean owning a home today isn’t just tough—it’s becoming a long-term financial gamble. Listen in comfort:Get a…
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