'They Force People To Be Renters Forever': Would-Be Homeowners Are Sharing The Surprising Reasons Why They've Given Up On Their House Hunt In 2024

For most, buying a home has never been easy, but in 2024, homeownership can feel like an altogether impossible milestone. Between sky-high interest rates, real estate prices far outpacing, and seriously tight inventory, many would-be homeowners can’t help but feel the odds are stacked against them. So, we asked members of thewho’ve put their homeowner aspirations on hold — either temporarily or indefinitely — to share their reasons with us. These are their stories.

5. “I watched my parents lose their house during the recession — not because they did anything wrong, but because the economy shifted, and suddenly their income wasn’t enough. I’m looking at how unstable the economy has been since and the direction it is moving in, and I don’t have faith that we won’t have another financial crisis between now and the end of a 30-year loan. I’m also watching politics, and I am not sure if anywhere is going to be safe.

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