750
Homes "unaffordable" in 99% of nation for average American
(www.cbsnews.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 01 Oct 2023
750 points (98.6% liked)
Personal Finance
3868 readers
34 users here now
Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!
Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)
founded 2 years ago
MODERATORS
I'm willing to bet there's a lot of homeowners like this. Why do you think there have been so many foreclosures?
New homeowners get the house then they think that's it.
But it's not.
Homeownership isn't for everyone. Not everyone is financially responsible to own a house.
I absolutely agree. I'm just saying that's what homeownership requires, otherwise you'll be stuck with an endless money pit financing every little repair.