DDD
Well-Known Member
Someone posted today about the middle class and how the dream of
owning your own home is fading. I am fortunate as I have been a
homeowner most of my adult life. I am also a retired Realtor.
I don't understand, however, housing in our community. Two or
three developers have built or are building "housing for the working people in our area". The starting price is over 100 G's.
:smile: The newspaper article refers to how housing has gotten beyond the reach of "working people" and how necessary it
is to have people working in our restaurants etc. etc. etc.
Last week a former employee told me "X and his wife are getting
a house!" Obviously, I was happy for them and asked the usual
questions. Where? When? How? This is what I was told. "X and
his wife have 1 child and another on the way. He has been on the
job as a correctional officer for about 1.5 years and he is 21 or
22. They are getting a BRAND NEW house that costs $185,900! He
makes about $29,000 give or take. They will have NO downpayment
and their monthly payments will be based on his salary. So they
will pay less than $500 per month for the house!"
I am a business woman. I am a retired Realtor. I am not naive.
WTH!!!!!!! I don't get it! Another developer built a row of houses in a poor neighborhood and had a sign out "Only $110,000."
The houses were filled before the sod was laid.
I think our Government has gone nuts. Who else but government
could lay out that kind of money for low income people to live like what used to be upper class living.
:grrr: Is this why our taxes are so high?? DDD
owning your own home is fading. I am fortunate as I have been a
homeowner most of my adult life. I am also a retired Realtor.
I don't understand, however, housing in our community. Two or
three developers have built or are building "housing for the working people in our area". The starting price is over 100 G's.
:smile: The newspaper article refers to how housing has gotten beyond the reach of "working people" and how necessary it
is to have people working in our restaurants etc. etc. etc.
Last week a former employee told me "X and his wife are getting
a house!" Obviously, I was happy for them and asked the usual
questions. Where? When? How? This is what I was told. "X and
his wife have 1 child and another on the way. He has been on the
job as a correctional officer for about 1.5 years and he is 21 or
22. They are getting a BRAND NEW house that costs $185,900! He
makes about $29,000 give or take. They will have NO downpayment
and their monthly payments will be based on his salary. So they
will pay less than $500 per month for the house!"
I am a business woman. I am a retired Realtor. I am not naive.
WTH!!!!!!! I don't get it! Another developer built a row of houses in a poor neighborhood and had a sign out "Only $110,000."
The houses were filled before the sod was laid.
I think our Government has gone nuts. Who else but government
could lay out that kind of money for low income people to live like what used to be upper class living.
:grrr: Is this why our taxes are so high?? DDD