#1
#1 out of 1562.0 est. views
business3h ago
Not saving up for a home? Tell us what you're spending your money on instead.
- Some would-be buyers are redirecting money from a home fund toward trips and small luxuries instead.
- Down payments remain steep while mortgages stay costly, influencing spending choices.
- San Diego family chooses renting over buying to save for experiences and family needs.
- Renters allocate savings to travel, ski trips, and their children's activities.
- The broader trend shows buyers prioritizing lifestyle over immediate home ownership.
- Redfin data cited shows a high average down payment, contributing to affordability concerns.
- Some households maintain budget flexibility by balancing housing costs with personal spending.
- The article solicits reader input on what they spend money on instead of saving for a home.
- The story uses real-life anecdotes to illustrate broader housing affordability pressures.
Vote 0