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Posted on 4/6/23 at 9:40 pm to Old Money
I live in an area where home prices have shot up over the last 10 years.
When I drive down street where the homes are worth 300k it’s looks like working class folks and their cars (not that there is anything wrong with blue collar work). My questions is, are people like that really able to afford 300k house notes? I realize some trades pay well, but still.
If you go to 400-500k streets it looks like lower middle class.
Maybe it’s still people who have lived in these homes since they were 150k?
I don’t have the answers.
When I drive down street where the homes are worth 300k it’s looks like working class folks and their cars (not that there is anything wrong with blue collar work). My questions is, are people like that really able to afford 300k house notes? I realize some trades pay well, but still.
If you go to 400-500k streets it looks like lower middle class.
Maybe it’s still people who have lived in these homes since they were 150k?
I don’t have the answers.
This post was edited on 4/6/23 at 9:42 pm
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