re: The ‘growing crisis of the young American male’ could send home prices falling for years

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As an unmarried 26 year old male, I'm not living at home but I'm also not a homeowner. Young men aren't living at home, they are just renting someone else's house or in an apartment. I make a decent salary for a young adult, and there's no way I would buy a 1700 sqft house for $400,000 like the market is forcing buyers to do today. Young men being smart with their money isn't a crisis. The value of the dollar falling by 31% over the last decade and a 6% federal interest rate is the crisis.

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Single 31 year old here. I have a decent job (hopefully about to have a much better paying one soon), good credit and could probably put enough for a down payment if I budgeted more these next few months.

But inflation has absolutely crushed me and so many other young men these last few years. Every home for sale around me is in the 400k range and is either near or in a hood or is so far away from where I work that I wouldn’t realistically consider it. I have no intention on buying an overpriced condo so I can have the same amenities as my current apt complex while also dealing with the expenses of ownership. I also don’t want to live in some 3 story townhome that shares walls with the people around me. So I’ll keep stacking money in my current place and see if an opportunity comes along in the next year or two that would make me jump the gun on buying a house.

But i have very little faith in housing improving even if we kick Biden out of office. There are to many immigrants in this country willing to live 8 people in a home who will pay exorbitant rent. We have Private Equity firms that bought something close to 40% of the homes for sale last year. Lastly (and the OT is going to HATE me for this take) there are to many rich people who buy up homes to rent them out for passive income. When you couple these 3 things together it’s not hard to figure out why there is a home ownership crisis amongst men my age.