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re: Baffled as to how single people afford houses currently
Posted on 10/12/23 at 9:50 am to Thundercles
Posted on 10/12/23 at 9:50 am to Thundercles
It is a problem for everyone. I'm a single income household (5 people total) and we are pretty much stuck in our current house for the foreseeable future. Our house value has gone up almost $200k in 5 years but we can't do anything with that equity because moving would still require a more expensive house.
We also have a 15 yr mortgage at 2.5%. Taking on a new note alone would destroy our monthly budget. We love our house and have no desire to move but it is a bit uncomfortable to know there are no real upgrade options or even choices for us right now. We would have to wait until we could do a full cash deal and avoid any loans.
We also have a 15 yr mortgage at 2.5%. Taking on a new note alone would destroy our monthly budget. We love our house and have no desire to move but it is a bit uncomfortable to know there are no real upgrade options or even choices for us right now. We would have to wait until we could do a full cash deal and avoid any loans.
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