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Good read
Mark Hunt
Member Posts: 4,908
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That is an interesting reality for my generation. Of course baby boomers can hire! They have $25,000 mortgages. But my generation is faced with buying a $350,000 fixer upper on a $50K a year salary. We are between a rock and a hard place financially.
You have to buy a house now because if you don't it's gonna be $50K more next year. The idea of saving up a down payment is gone. If you don't buy today your gonna be screwed tommorow.
I thought I was in over my head when my wife and I bought three years ago for $180,000. I don't even want to guess what the house is worth now. I can't imagine what a $350K mortgage payment looks like. Can anyone say Mac & Cheese?
Josh
P.S. Nice to see my local paper is being read in NY.
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Is it live and learn or live and don't learn?
With the proportion of home ownership steadily rising right now, I think there is something good to be said about young people owning their homes. Even if it comes with a learning curve.
What was the previous generation dreaming of? Not home ownership, but living it up in a commune. Love, man. This is a cheeky generalization that applies to nothing of course but it makes me smile, just like your pipe busting article did.
Thanks for sharing.
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Nice to see my local paper is being read in NY.
The internet is a wonderful thing!
Reminds of an old Bill Cosby skit.
His Grandfather: "I remember when I was a boy.........I had fifty cents.......I bought a house.....a car.....and put seventeen cents in the bank."
Mac & Cheese is delicious! HAHAHAHAHA!!!
Best wishes!
Mark H
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Not only a scoop in NY
Josh, the article made it in the Dayton Daily News today this morning. In the live paper edition, no less!
Now it must be (really big) news. Next, the world.
But we all read it here on the Wall first!0 -
That's right! I heard it on "The Wall" before I read it in my own local newspaper. Just goes to show that the wall gets results!
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