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submitted 1 day ago* (last edited 1 day ago) by cm0002@piefed.world to c/usa@midwest.social

Americans are moving at record-low rates, with only 7.8% relocating in 2023, the lowest since 1948. Families are stuck in homes that are too small or no longer suitable due to high mortgage rates, limited inventory, and skyrocketing prices. Those who have low-rate mortgages are reluctant to sell.

Workers are less likely to switch jobs or relocate for work than in previous decades. Recent grads face long, difficult job searches, often turning down offers due to low pay or lack of relocation support. Many are choosing to stay local, even if it means settling for less.

Employees with low mortgage rates, stock options, or bonus plans are staying put to avoid losing financial perks. Dual-income households and family obligations further reduce mobility.

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[-] Newsteinleo@midwest.social 1 points 1 hour ago

Mortgage rates are not the issue, is the quarter to half million they want for a bungalow that was built in the 50s. Houses are unaffordable because the housing market is the highest its ever been. People treating houses as investments isn't helping the problem. 1/3 of all homes in my city are rentals.

[-] JayDee@lemmy.sdf.org 3 points 2 hours ago

Fuck it. Let's go back to subsistance farming, this capitalist economy shit sucks.

[-] Ioughttamow@fedia.io 33 points 1 day ago

Gonna take my 3% mortgage to my grave

[-] PodPerson@lemmy.zip 5 points 20 hours ago

2.75 mothafucka!

[-] Sabata11792@ani.social 8 points 1 day ago

I keep getting cash offers to refinance as they don't like my 3.7%.

[-] drb@midwest.social 2 points 21 hours ago

Same. Never gonna give you up, 1.875%!

[-] compostgoblin 4 points 1 day ago

I’m in the process of moving, and the almost 7% rates on mortgages suck. But if you gotta move, you gotta move, you know?

that's what mortgage meant originally, from the old french mort gage or death pledge, a payment that you made until it's satisfied or you die

[-] marsza@lemmy.cafe 15 points 1 day ago

I suppose some of these families could sell their younger children to Trump to make room in their houses

[-] WhatGodIsMadeOf@feddit.org 16 points 1 day ago

I was a little kid when I realized it's all bullshit. It sucks that I know I can't just tell people to "grow up" because I know it has nothing to do with age.

[-] marsza@lemmy.cafe 4 points 1 day ago
[-] yeahiknow3@lemmy.dbzer0.com 7 points 1 day ago

The entire game. The whole system.

[-] marsza@lemmy.cafe 1 points 1 day ago
[-] Eryn6844@beehaw.org 1 points 20 hours ago

mean while i continue to stack my money in the bank.

[-] LodeMike@lemmy.today 5 points 1 day ago

Has Trump "[Kept] America Great"?

Edit: I'm sorry I thought I could be funny but just spat out a Democratic party Twitter slogan.

this post was submitted on 15 Aug 2025
130 points (100.0% liked)

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