Exclusive: most renters surveyed by Harris Poll say the areas they live in have become so unaffordable they are ‘barely livable’

The poll, conducted by the Harris Poll Thought Leadership and Future Practice, asked survey takers to identify themselves as renters or homeowners, along with other demographic information. Those polled were asked their opinion on home ownership in the United States. For many, especially renters, the outlook is bleak.

Though the vast majority of renters polled said they want to own a home in the future, 61% said they are worried they will never be able to. A similar percentage believe no matter how hard they work, they’ll never be able to afford a home.

“When you think about Maslow’s hierarchy of needs, and housing is right at that foundational level of security, the implications on consumer psyche when things feel so unaffordable is something that will impact everyone,” said Libby Rodney, chief strategy officer at Harris Poll. The American dream of owning a home “is looking more like a daydream for renters”.

  • IsThisAnAI@lemmy.world
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    10 months ago

    Unless you’re in California or some other very high CoL in a city area that’s pretty doubtful.

    In 2018 purchased an 1800sq ft 3 floor town home in northern Virginia in the fair fax area (very wealthy area) for 420k. 2 bed room 2.5 bath, built 2005.

    I sold it in 2021 for 550k, probably could have made a bit more but we wanted to move . So there was definitely a big increase. But that’s a very nice, 2 BR, etc. there were cheaper ones. Down in the 300 range would get you a smaller home. Bought a nicer home in 2021 in a wealthy ish town of a small city. 2300 sq ft, 2 car garage, good schools, half acre to relax on. 450k after a second round of 3 way bidding.

    The idea that you can’t purchase a decent home in a nice area for 400k is entirely incorrect. https://www.zillow.com/homedetails/5908-Founders-Hill-Dr-UNIT-302-Alexandria-VA-22310/51919565_zpid/

    And to be clear, 400k isn’t affordable, we should drive that down, I just didn’t think what you said is realistic for most areas. It sounds unique ish to your area.