Thursday, January 18, 2024

Happy House Hunting

For some apparent reason, many writers on the internet are complaining that people cannot afford a house working a job that pays 75,000 per year. Working 40 hours per week you will barely afford a condo never mind a house. This has been true for the past 30 years or more. It has taken two jobs or two incomes to afford a house. This is nothing new. Writers are deliberately misleading a younger generation that this is something new. That working 40 hours per week you have some type of right to be able to afford a house and you are being ripped off. Not true, it has been like this sense I can remember and most likely even before. Throw all the numbers you want at me; this has been the standard. I believe in the 1950's you could afford a house on one income with only 40 hours per week. Those days are long gone and mostly forgotten. Don't be fooled. This is making people wait as if there is going to be a collapse in home prices. Most area’s this is not going to be the case and you could be missing out on the buy it now before it rises. I’m a believer that home prices will move north as soon as interest rates fall. That is now being
predicted for the fourth quarter of 2024.

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