Re:Prices for starter homes are crowding out millennials
by flog on Wednesday October 21, 2015 @05:59PM
(#10429043)
$800k sounds low. You've still got to do the retrofit, or it's going to be a TIC, or it's going to have excessive insurance costs... even then you'll be outbid by 20-30% over asking price.
I've been sitting on a 20% deposit for years (at the equiv of SF property), but simply cannot afford to buy given all those costs.
The only way I can see it happening is to be married, with a double income.
I've been sitting on a 20% deposit for years (at the equiv of SF property), but simply cannot afford to buy given all those costs.
The only way I can see it happening is to be married, with a double income.