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i disagree that the middle class should be able to afford to buy a home, necessarily. that's completely dependent on the housing market in their area. is there
by pasquinelli 10y ago
i disagree that the middle class should be able to afford to buy a home, necessarily. that's completely dependent on the housing market in their area. is there a crisis of homeless middle class people? if not, then they aren't being priced out of a place to live, but out of owning a house. i've never considered the middle class as excluding renters.
- tostitos1979 10y agoIMHO, we're in exceptional times. Taxes are generally based on income but property rents are a function of property prices. I've had a bunch of Uber drivers claim they are struggling to make ends meet in the Bay area - yet they have houses worth over a million bucks. Income-wise, these people are blue-color workers but have insane assets simply because they were in the right place at the right time (good for them!). Meanwhile, I know physicians moving out of places like the Bay and NYC because they cannot afford the rent. Things are messed up and no one at the helm seems to care.