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I'm asking, what causes people to buy a house for the first time? For upper middle class people the answer is probably having a baby, so you can see why if peo
by doctorpangloss 2y ago
I'm asking, what causes people to buy a house for the first time?
For upper middle class people the answer is probably having a baby, so you can see why if people are having babies later in life when their incomes are higher, prices rise.
- LVTfan 2y agobut the upper middle class is relatively small, depending on how you define upper middle class. Nationally, one might say the 15% who are below the 95th percentile (but locally is what matters for the purpose of buying property, and maybe "upper middle" is 60% to 95% of the local ranking).