Genuinely do not see how things are going to get better. I check Zillow at least once a week, as well other websites that list inventory, and it just keeps getting worse. According to some articles I read online, interest rates are going to increase slightly or remain relatively the same through 2024. My rent has slowly increased 400 dollars since 2021, basically 10% per year, yet my salary has not been increased by that much. I save a reasonable chunk of my paycheck, as well as my fiancé, but if rent keeps increasing the way it is, I will not be able to save virtually anything in 5 years time.

People who have low mortgages don’t want to sell because they can’t afford anything if they do. People who have good interests rates don’t want to sell. So inventory is at an all time low, interests are the highest they have been in 2 decades, and prices are going up. So who can afford homes? Well thus far in 2023, 26% of single family home sales in the U.S. were done by large corporations (i.e. BlackRock, AirBnB, etc.) and then rent them out to families.

Not only has housing been taking a shit on us, but groceries are insanely expensive, even though the large grocery chains are posting recording breaking profits. My gas bill for my condo has tripled over the last 2 years, despite no changes to our habits. I actually had someone from socal gas come out and check our meter not too long ago because I thought maybe there was a leak. Our water/electricity bill also saw a significant increase. I know it maybe unpopular to suggest government intervention, but holy hell do we need something to be done.

this video helped me get a better understanding of everything. A good (or depressing) watch if you’re interested.