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>> maybe the cost/average income ratio was lower There’s no maybe about it. In the 70s, average house sale price was 4x the average salary. Today it’s 8x. How
by CraigJPerry 5y ago
>> maybe the cost/average income ratio was lower
There’s no maybe about it. In the 70s, average house sale price was 4x the average salary. Today it’s 8x.
How many lattes would you need to have skipped to have bought two homes at the time you bought your first? How many holidays would you have needed to skip to pay two mortgages while you were paying one?
That is the scenario - well except todays generation would only have one house at the end of the day, not two.
- sigmaprimus 5y agoMy house is currently valued at 100K USD that is not an unreachable goal. It might not be right next to your favorite coffee shop but that just one of the sacrifices You make when You want to own a home. BTW in the 70s we didn't have lattes, it was just plain old coffee and what is this holiday's thing You are talking about? It sounds like something the privileged think they are entitled to.