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..which is surprising. Housing prices are at an all time low. Many of my friends now have houses..and they don't make that much more than minimum wage.
by paulhauggis 12y ago
..which is surprising. Housing prices are at an all time low. Many of my friends now have houses..and they don't make that much more than minimum wage.
- Omniusaspirer 12y agoAs someone in this age group it doesn't surprise me in the slightest. The poor people I know can't afford a down payment of any sort/aren't in stable enough jobs to take on a mortgage. On the flip side the well off individuals I know can't really afford to tie themselves to one location especially in their 20's when they're likely to change jobs several times and potentially be moving all over the country. Sure you can sell the house but you take a financial hit on closing costs unless you luck out and the house substantially appreciates in those few years you own it.
- dllthomas 12y agoWhere?
- CatsoCatsoCatso 12y agoThe situation in the UK is very different [1][2]. I'd love to know where you're talking about. [1] http://www.theguardian.com/money/2014/jun/25/house-prices-out-reach-shelter-housing-crisis http://www.theguardian.com/money/2014/jun/25/house-prices-ou... [2] http://www.telegraph.co.uk/finance/personalfinance/houseprices/10924235/Only-86-homes-for-sale-in-London-are-affordable-report-finds.html http://www.telegraph.co.uk/finance/personalfinance/housepric...