If the market skews heavily towards those who’ve already had a reasonable chance to gain equity and basically then doubled it in the last 3 years then this number is still significant. First time or not, we’re being squeezed out of the market. Those of us who get in late are going to have the bubble pop and be stuck on the hook for a million dollars after interest) we can’t ever get out from under.

“Rates will go down and you can refinance!” How will I save for closing costs?

“Housing values won’t go down?” Who has $600k for a 3 bedroom in 2028? Fucking no one? Right.