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"Housing for working people"
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<blockquote data-quote="donna723" data-source="post: 49467" data-attributes="member: 1883"><p>Not only have housing prices gone crazy, the whole concept of housing has changed. Like the young man DDD mentioned who is buying a brand new $185,900 house, so many of the younger ones seem to think that they should <em>start out</em> with the same lifestyle, possessions and all the goodies that it took their parents decades to attain! They EXPECT this, even if they have to use "creative financing" and could end up losing the house a few years down the road! When I got married (the first time) I was 22. We didn't have much money and lived in a series of little apartments with hand-me-down furniture and worked our way up. That's the way everybody did it. It was five years before we bought our first home, and then it was a small "fixer-upper". Nobody I knew owned a home when they were just 22 years old! I know that owning a home is financially advantageous to renting, but not if you get in over your head because of risky financing and end up in foreclosure! I couldn't even pay the <em>taxes</em> on a place like that!</p><p></p><p>A woman I work with, who lives in a small, modest, older home herself, just co-signed for her son to buy a $350,000 house with all the "bells & whistles"! He was newly married, a college graduate, but <em>unemployed</em> at the time! But they just had to start right out at the very top! I honestly don't see how anybody can afford to buy some of the homes they're building today! The housing developments just get bigger and fancier and more expensive - nobody I know could afford to live in most of those places. Where do the "regular people" live? </p><p></p><p>Prices in our small rural area are nowhere near what they are in more urban areas, and it's always a shock to see what they are in other parts of the country! I love to watch those shows like "Flip This House" ... they find some little garbage-filled rat-infested three-room former crack house in a run down area, pay a quarter million for it, fix it up, then sell it for a HALF MILLION! Good grief! </p><p></p><p>As for me, I'll be in my little rental house till I retire, then I'll be a bag lady living under a bridge! I have a feeling that pretty soon, <em>that's</em> where the "regular people" will be living!</p></blockquote><p></p>
[QUOTE="donna723, post: 49467, member: 1883"] Not only have housing prices gone crazy, the whole concept of housing has changed. Like the young man DDD mentioned who is buying a brand new $185,900 house, so many of the younger ones seem to think that they should [i]start out[/i] with the same lifestyle, possessions and all the goodies that it took their parents decades to attain! They EXPECT this, even if they have to use "creative financing" and could end up losing the house a few years down the road! When I got married (the first time) I was 22. We didn't have much money and lived in a series of little apartments with hand-me-down furniture and worked our way up. That's the way everybody did it. It was five years before we bought our first home, and then it was a small "fixer-upper". Nobody I knew owned a home when they were just 22 years old! I know that owning a home is financially advantageous to renting, but not if you get in over your head because of risky financing and end up in foreclosure! I couldn't even pay the [i]taxes[/i] on a place like that! A woman I work with, who lives in a small, modest, older home herself, just co-signed for her son to buy a $350,000 house with all the "bells & whistles"! He was newly married, a college graduate, but [i]unemployed[/i] at the time! But they just had to start right out at the very top! I honestly don't see how anybody can afford to buy some of the homes they're building today! The housing developments just get bigger and fancier and more expensive - nobody I know could afford to live in most of those places. Where do the "regular people" live? Prices in our small rural area are nowhere near what they are in more urban areas, and it's always a shock to see what they are in other parts of the country! I love to watch those shows like "Flip This House" ... they find some little garbage-filled rat-infested three-room former crack house in a run down area, pay a quarter million for it, fix it up, then sell it for a HALF MILLION! Good grief! As for me, I'll be in my little rental house till I retire, then I'll be a bag lady living under a bridge! I have a feeling that pretty soon, [i]that's[/i] where the "regular people" will be living! [/QUOTE]
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