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most of them are broke or renting...
Posted by Bob M [Email] (more from Bob M) on Thu, 2 Jun 2005 10:06:54
In Reply to: Re: Median home price in CA is now..., GM, Thu, 2 Jun 2005 09:46:43
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if you read the article (second page?) they talk about a couple who is spending over 70% of their income on their house payment!! (I spend about 38% of my take-home, after-tax pay, on my house payment.) Most others cannot afford to buy. I had the same problem here in CT -- the price of the houses were shooting up so quickly, it was outpacing the rate at which I could save. For intance, the house I finally bought went up 100k in three years! It went from about $250k to to $350k in that time frame. And, I had to buy in a "less desirable" (though I like it) neighborhood, because houses in the more "desirable" neighborhoods were over 600k (the "really desirable" were well over a million), for not as nice of a house as I purchased. I was afraid to wait any longer.
posted by 64.252.25...
Posts in this Thread:
- Median home price in CA is now..., Bob M, Thu, 2 Jun 2005 09:22:04
- Move to Toledo..., Rod , Fri, 3 Jun 2005 09:03:19
- in santa barbara is now median 1.3 million :-( nm, baggsly , Thu, 2 Jun 2005 11:52:23
- We certainly have a lot of Californians moving up here, KBR88900T, Thu, 2 Jun 2005 11:19:01
- Tear-downs in my area are pushing $800,000, Geoff, Thu, 2 Jun 2005 11:13:40
- Re: Median home price in CA is now..., Randy Thatcher , Thu, 2 Jun 2005 10:21:13
- My house went from 150-348 in 1.5 years, NickR, Thu, 2 Jun 2005 10:18:01
- Re: Median home price in CA is now..., GM, Thu, 2 Jun 2005 09:46:43
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