Jump to content

Home Buying: Most Affordable in Decades


Parsad

Recommended Posts

We just bought a new home last month, for us things really are more affordable now than I can ever remember. 

 

I do think the article is misleading in a couple of ways though.  Technically 20 years is "decades", but that's really a stretch IMO.  The other thing the article doesn't go into is how many families earning the median income are currently underwater on a home and have no down payment.  I think they are defining affordable purely as percentage of income without considering other factors.

 

Real affordability would be a return to the days when a single income family could afford a home making service job level wages.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...