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re: The math for buying a home no longer works, per WSJ
Posted on 12/20/23 at 10:22 am to 904
Posted on 12/20/23 at 10:22 am to 904
quote:
Some of these responses are out of touch with reality.
It’s how these threads always go. The people saying it’s bad journalism or denying reality are older and haven’t bought homes in 15-30 years.
The market is totally out of whack. We were lucky and used the equity from my condo plus a physician mortgage to get our house in 2022. 0% down, no PMI, 3.25% interest…though we did a 10 year ARM because rate was lower and we know we will outgrow the house within 5 to 8 years.
1
Posted on 12/20/23 at 10:55 am to jordan21210
quote:
The people saying it’s bad journalism or denying reality are older and haven’t bought homes in 15-30 years.
Comparing median income to median home prices is a fools tale.
As I said, there are 50,000,000 rental units available in the US.
To equate median income to median price when there are 50,000,000 rental units available shows intellectual dishonesty.
It is as simple as that.
Comparing apples and oranges.
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