Samantha Welch+FollowWhat If the Middle Class Quit Buying Homes?Ever wondered what would happen if the middle class just stopped buying houses? ChatGPT says home prices for regular folks would drop, but rents would shoot up since everyone still needs a place to live. Investors would scoop up homes to rent out, making it even harder to build wealth through homeownership. Plus, less home buying means fewer jobs in construction and home goods. Basically, renting gets pricier, owning gets rarer, and the wealth gap grows. Yikes! #RealEstate #HousingMarket #MoneyTalk01Share
Aaron Ballard+FollowKnoxville homebuyers face steep income hurdleBuying a house in Knoxville now means you’d need to make over $84,000 a year just to keep housing costs at a manageable level. That’s a big jump, considering the city’s median income is just above $50,000. With the average home price pushing $369,000, many locals would have to spend more than half their income on housing alone. Only Memphis made the list of affordable cities in Tennessee, highlighting how tough the market has become here. How are you and your neighbors navigating these rising costs? Is homeownership starting to feel out of reach in Knoxville? #RealEstate #Knoxville #HousingMarket212Share
Donald Wilson+FollowMy Parents' Home Purchase Price You Won't BelieveThis was back in 1991 when they made the big move from California to Texas. The whole thing kicked off when a cousin called my mom out of the blue, telling her there was a house for sale and she absolutely had to buy it. My mom was $3,000 short, and get this – my brother's teacher actually lent her the money. It wasn't just a house either; it came with two lots. Years later, in 2009, they managed to build a big house next door, entirely with cash, for $140,000. And, my parents bought their home for just $7,000 at that time. #RealEstate #HomeOwnership #HousingMarket #Throwback #FamilyHistory #TexasLiving #AffordableHousing #PersonalFinance #Unbelievable 1136Share
