50% of the Housing Market is Chasing the 7% of Total Homebuyers That Can Afford a Home That Do Not Already Own
Podcasts > Your Personal Bank with Ferenc Toth
Monday, February 2, 2026
A household needs $132,000 income to afford the median home. Only 31% of households can afford the median home.
The median age of homebuyers is 59. The average age of first-time homebuyers is 40.
77% of households earning $132,000+ already own their home.
Therefore, 50% of the housing market is chasing the 7% of total homebuyers that can afford a home that do not already own.
This will not end well for real estate values.
Our government gave illegals loans for homes and welfare to pay for them. This contributed to increasing home prices. That left millions of Americans unable to buy a home.
These illegals built up equity that taxpayers paid for. Many have more money in equity than the average American who was stuck paying rent.
Where in immigration law does it say you can enter illegally and stay as long as you don't commit a violent crime? Who voted for this? No one. Yet American are supposed to ignore this?
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