Yes, The American Dream Is Still Alive. Heres How To Buy A House In This Market.

Published

1 year ago

June 21, 2024

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Not that it needs saying, but the economy is still a mess. Inflation is high, the value of a dollar isnt what it used to be, and interest rates are insane. At the same time, most salaries are not increasing, the job market is terrible, and people are struggling to find work. This combination makes it seem as though its not at all possible to buy a home. But is it actually impossible?

Boomers often look at young people and say, Well, interest rates were even higher in my day, and I still managed to buy a home. The difference is, salaries increased along with the prices of homes. In 2024, that has not happened. As a result, young people are priced out of the market, especially if they are living in metropolitan areas. However, I believe there is a solution to this bad combination of economic woes.

Conversations about starter homes go viral on X all the time. All it takes is one person tweeting something like this, judging people for skipping over starter homes and buying houses that are too expensive, contributing to their own financial demise.

Screenshot: X

To be fair, hes correct. Expectations should be in check based on where you live and what your salary is. But I do not think this is why people are failing financially, nor do I think he has any idea how much a starter home in 2024 actually is. In most relatively metropolitan areas where people are working and commuting to and from, starter homes start at around $300,000. The replies argued as much:

Screenshot: X

Now, we have probably all heard the stop buying avocado toast argument. When I was in college, my mom would tell me that if I wanted to buy a house someday, I couldnt spend all my money on Starbucks. I have a love-hate relationship with this statement. On the love side, it is true smaller purchases add up. Spending $50 a day on random things here and there ends up being $18,000 at the end of the year. However, on the hate side, I think these types of statements trivialize the actual problem at stake, which is that low salaries, high interest rates, and high prices all around make it near impossible to save for a down payment or be able to make a mortgage payment.

Another solution people commonly pose is to live in the middle of nowhere, so you can buy a five-bedroom house for $200,000. While this is true in some parts of the country, many people cannot make this proposed solution work logistically. Although they might be able to afford the house, they might not be able to pull off living in the middle of nowhere because there are no job opportunities, plus schools and grocery stores are 45 minutes away. So, this suggestion just ends up being counterproductive and unhelpful, which some tweets, like this one, are quick to point out:

Screenshot: X

The issue of not being able to afford a house is not just relegated to Gen Z. Wall Street Silver went so far as to question if we even have a middle class, tweeting that homeownership is no longer a staple of the middle-class American Dream.

Screenshot: X

This should not be the case. People should not just shrug it off, saying, Oh, well, thats just life in 2024. And people should not be stuck in this cycle. So, what is the solution? First, we need to vote accordingly. But until we can do that and until circumstances hopefully change, there are steps you can take. This is not a hopeless situation if you truly want to buy a home.

In Nashville, for example, there are very few homes for sale at or around $300,000, and the ones that are at that price point are not in the safest of areas and they would require a fair amount of renovating. So while you might save money on a down payment, you would spend a pretty penny renovating the entire house. Plus, these homes arent even in Nashville proper. You would still be looking at a 20- to 30-minute commute.

That means, if you want a house in Nashville, you have to change your expectations. Since you would already be driving at least 20 minutes from an unsafe, not move-in ready home if you bought at $300,000, could you, instead, add an extra 10 minutes to that drive? If you want to own a home, are you willing to sacrifice a shorter drive for a longer one? If so, you could afford a starter home that is clean, move-in ready, and in a safe area. WATCH: The Comments Section with Brett Cooper

I know this is possible because I know people who have done it and I am one of them. The farm my husband and I just bought would have never been in our budget had we lived within 20 minutes of work. So, I spend two hours in the car every single day because that is the house I want to go home to, it is the lifestyle I want to have, and it is the place I want to raise our future children. My producer and her husband similarly worked through this decision a couple months ago, and they bought the cutest historical home outside Nashville where they are actually saving on their mortgage, compared to the rent they had been paying. Which is rare in 2024.

All of this to say, buying an affordable home is possible. All the posts and articles that claim the American Dream of owning a home is completely dead just arent true. It might be harder, but it is still possible.

You can buy a house, but you must figure out what your priorities are. If you are willing to make some sacrifices, like driving longer to work, its entirely possible. If, however, you dont want to commute, that is ok, and while the market is truly terrible, renting can still be a mostly affordable option.

The point is, you have to decide what you value and what is most important to you. You must choose where you are going to put your money. That may be different than everyone else around you and that is ok.

For plenty of people, buying a home isnt the most important next move and they choose to prioritize other things. For example, after college, my husband moved to New York City for five years where he made incredible connections and created an invaluable network for his career. Instead of buying a house at 23 with a stupidly low interest rate, he chose to move and the return on his career investment was significant. But still, he knew NYC was not where he wanted to be long term, so when those five years lapsed, he reprioritized, moved to Nashville, bought a starter home, met me, and the rest is history.

Now, I do not give these examples to trivialize this problem because there is no getting around the fact the American middle class is disappearing, which has never been the case before. I share these anecdotes to hopefully provide a feeling of empowerment and a reality that there are other options. Life is not as black and white as it may seem on X.

I wish everyone could just buy whatever house they want, but thats not how the world works. Its true that life isnt fair and it never has been. But if you are honest with yourself about what you really value, youll be able to prioritize to make life more of what you want. Then, all it takes is some creative, unconventional thinking in determining and realizing there is a way to your goals.

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Note: This article has been edited for clarity.

Politics

‘Shameful’ that black boys in London more likely to die than white boys, says Met Police chief

Published

26 mins ago

July 13, 2025

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'Shameful' that black boys in London more likely to die than white boys, says Met Police chief

It is “shameful” that black boys growing up in London are “far more likely” to die than white boys, Metropolitan Police chief Sir Mark Rowley has told Sky News.

In a wide-ranging interview with Sunday Morning with Trevor Phillips, the commissioner said that relations with minority communities are “difficult for us”, while also speaking about the state of the justice system and the size of the police force.

Sir Mark, who came out of retirement to become head of the UK’s largest police force in 2022, said: “We can’t pretend otherwise that we’ve got a history between policing and black communities where policing has got a lot wrong.

“And we get a lot more right today, but we do still make mistakes. That’s not in doubt. I’m being as relentless in that as it can be.”

He said the “vast majority” of the force are “good people”.

However, he added: “But that legacy, combined with the tragedy that some of this crime falls most heavily in black communities, that creates a real problem because the legacy creates concern.”

Sir Mark, who also leads the UK’s counter-terrorism policing, said black boys growing up in London “are far more likely to be dead by the time they’re 18” than white boys.

“That’s, I think, shameful for the city,” he admitted.

“The challenge for us is, as we reach in to tackle those issues, that confrontation that comes from that reaching in, whether it’s stop and search on the streets or the sort of operations you seek.

“The danger is that’s landing in an environment with less trust.

“And that makes it even harder. But the people who win out of that [are] all of the criminals.”

The commissioner added: “I’m so determined to find a way to get past this because if policing in black communities can find a way to confront these issues, together we can give black boys growing up in London equal life chances to white boys, which is not what we’re seeing at the moment.

“And it’s not simply about policing, is it?”

Sir Mark said: “I think black boys are several times more likely to be excluded from school, for example, than white boys.

“And there are multiple issues layered on top of each other that feed into disproportionality.”

‘We’re stretched, but there’s hope and determination’

Sir Mark said the Met is a “stretched service” but people who call 999 can expect an officer to attend.

“If you are in the middle of the crisis and something awful is happening and you dial 999, officers will get there really quickly,” Sir Mark said.

“I don’t pretend we’re not a stretched service.

“We are smaller than I think we ought to be, but I don’t want to give a sort of message of a lack of hope or a lack of determination.”

“I’ve seen the mayor and the home secretary fighting hard for police resourcing,” he added.

“It’s not what I’d want it to be, but it’s better than it might be without their efforts.”

‘Close to broken’ justice system ‘frustrating’ and ‘stressed’

Sir Mark said the criminal justice system was “close to broken” and can be “frustrating” for others.

“The thing that is frustrating is that the system – and no system can be perfect – but when the system hasn’t managed to turn that person’s life around and get them on the straight and narrow, and it just becomes a revolving door,” he said.

“When that happens, of course that’s frustrating for officers.

“So the more successful prisons and probation can be in terms of getting people onto a law-abiding life from the path they’re on, the better.

“But that is a real challenge. I mean, we’re talking just after Sir Brian Leveson put his report out about the close-to-broken criminal justice system.

“And it’s absolutely vital that those repairs and reforms that he’s talking about happen really quickly, because the system is now so stressed.”

Challenge to reform the Met

The Met chief’s comments come two years after an official report found the force is institutionally racist, misogynistic and homophobic.

Baroness Casey was commissioned in 2021 to look into the Met Police after serving police officer Wayne Couzens abducted, raped and murdered Sarah Everard.

She pinned the primary blame for the Met’s culture on its past leadership and found stop and search and the use of force against black people was excessive.

At the time, Sir Mark, who had been commissioner for six months when the report was published, said he would not use the labels of institutionally racist, institutionally misogynistic and institutionally homophobic, which Baroness Casey insisted the Met deserved.

However, London Mayor Sadiq Khan, who helped hire Sir Mark – and could fire him – made it clear the commissioner agreed with Baroness Casey’s verdict.

A few months after the report, Sir Mark launched a two-year £366m plan to overhaul the Met, including increased emphasis on neighbourhood policing to rebuild public trust and plans to recruit 500 more community support officers and an extra 565 people to work with teams investigating domestic violence, sexual offences and child sexual abuse and exploitation.

Watch the full interview on Sunday Morning with Trevor Phillips from 8.30am on Sunday.

Politics

Unite votes to suspend Angela Rayner over Birmingham bin strike

Published

26 mins ago

July 13, 2025

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Unite votes to suspend Angela Rayner over Birmingham bin strike

Labour’s largest union donor, Unite, has voted to suspend Deputy Prime Minister Angela Rayner over her role in the Birmingham bin strike row.

Members of the trade union, one of the UK’s largest, also “overwhelmingly” voted to “re-examine its relationship” with Labour over the issue.

They said Ms Rayner, who is also housing, communities and local government secretary, Birmingham Council’s leader, John Cotton, and other Labour councillors had been suspended for “bringing the union into disrepute”.

There was confusion over Ms Rayner’s membership of Unite, with her office having said she was no longer a member and resigned months ago and therefore could not be suspended.

But Unite said she was registered as a member. Parliament’s latest register of interests had her down as a member in May.

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The union said an emergency motion was put to members at its policy conference in Brighton on Friday.

Unite is one of the Labour Party’s largest union donors, donating £414,610 in the first quarter of 2025 – the highest amount in that period by a union, company or individual.

The union condemned Birmingham’s Labour council and the government for “attacking the bin workers”.

Mountains of rubbish have been piling up in the city since January after workers first went on strike over changes to their pay, with all-out strike action starting in March. An agreement has still not been made.

Ms Rayner and the councillors had their membership suspended for “effectively firing and rehiring the workers, who are striking over pay cuts of up to £8,000”, the union added.

‘Missing in action’

General secretary Sharon Graham told Sky News on Saturday morning: “Angela Rayner, who has the power to solve this dispute, has been missing in action, has not been involved, is refusing to come to the table.”

She had earlier said: “Unite is crystal clear, it will call out bad employers regardless of the colour of their rosette.

“Angela Rayner has had every opportunity to intervene and resolve this dispute but has instead backed a rogue council that has peddled lies and smeared its workers fighting huge pay cuts.

“The disgraceful actions of the government and a so-called Labour council, is essentially fire and rehire and makes a joke of the Employment Relations Act promises.

“People up and down the country are asking whose side is the Labour government on and coming up with the answer not workers.”

Sir Keir Starmer’s spokesman said the government’s “priority is and always has been the residents of Birmingham”.

He said the decision by Unite workers to go on strike had “caused disruption” to the city.

“We’ve worked to clean up streets and remain in close contact with the council […] as we support its recovery,” he added.

A total of 800 Unite delegates voted on the motion.

Politics

Dozens of MPs call for UK government to recognise Palestine as state

Published

26 mins ago

July 13, 2025

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Dozens of MPs call for UK government to recognise Palestine as state

Nearly 60 Labour MPs have called on David Lammy and the Foreign Office to immediately recognise Palestine as a state.

A mix of centrist and left-wing MPs, including some committee chairs, wrote to the foreign secretary this week to say “by not recognising [Palestine] as a state, we undermine our own policy of a two-state solution and set an expectation that the status quo can continue and see the effective erasure and annexation of Palestinian territory”.

The 59 MPs suggest the government pursue five different measures to prevent the Israeli government from carrying out its Rafah plan, adding that they believed Gaza was being “ethnically cleansed” – a claim vehemently denied by Israel.

The letter was organised by Labour Friends of Palestine and the Middle East group.

It states that the Israeli plan, which would see the “population transfer to the southern tip of Gaza in preparation for deportation outside the strip”, is an accurate description, but that they believe a clearer way to describe it is the “ethnic cleansing of Gaza”.

Israeli officials have said they want to separate the civilian population from Hamas, which still controls parts of Gaza and holds dozens of hostages abducted in the October 7 attack that triggered the war 21 months ago.

Emmanuel Macron discussed recognising Palestine as a state at a joint news conference with Sir Keir Starmer on Thursday – the same day the letter was signed.

The French president said: “Today, working together in order to recognise the state of Palestine and to initiate this political momentum is the only path to peace.”

While France has not yet recognised a Palestinian state yet, Norway, Ireland and Spain coordinated their recognition last year.

The letter demands ministers take five different measures to:

• Recognise the state of Palestine
• Continue support for the UN Agency for Palestinian Refugees (UNRWA)
• Secure the release of hostages
• Press for the full and unhindered resumption of humanitarian aid
• Fully review and place restrictions on trade with and financial support of illegal Israeli settlements in the West Bank

The government says it is already providing funding for the UNRWA and working to secure the release of hostages held by Hamas, but immediate recognition of Palestinian statehood will be a much more controversial move.

Sky News understands this is the second time MPs have formally called on the government to immediately recognise the state of Palestine, with previous letters signed by some parliamentary aides and even junior ministers.

Ministers have indicated their plan to recognise Palestine would be “at a time that is most conducive to the peace process” without further clarity of when that might be.

They have also indicated that it would not be suitable to speculate about future sanctions, as this could reduce their impact.

A Foreign Office spokesperson said: “Since day one, this government has been clear that we need to see an immediate ceasefire, the release of all hostages cruelly detained by Hamas, better protection of civilians, much-needed food aid, medicines, shelter and other supplies immediately being allowed to enter Gaza, and a path to long-term peace and stability.

“The situation on the ground in Gaza is horrendous – for the hostages and for Palestinians – and we urgently want to see a deal done, to end the suffering on all sides.

“We are committed to recognising a Palestinian state and to doing so when will have most impact in support of a peace process. We continue to provide lifesaving aid to supporting Palestinians in Gaza and the West Bank, and to work closely in support of the Palestinian Authority.”