Re:Prices for starter homes are crowding out millennials
by dogma1138 on Wednesday October 21, 2015 @06:49PM
(#10429363)
The percentage is meaningless lowering it to say 0% while keeping the current market prices means that people still can't afford housing and will default on their loans.
Leave it at 20% heck raise it to 50% as long as you can have affordable housing.
If your first housing will cost 5 years of the median wage no one will have issues buying it, when a house costs 20 years, in which you need to pay rent, feed yourself, get married and have kids no one will every get into the market unless they get help form their parents or strike gold.
Leave it at 20% heck raise it to 50% as long as you can have affordable housing.
If your first housing will cost 5 years of the median wage no one will have issues buying it, when a house costs 20 years, in which you need to pay rent, feed yourself, get married and have kids no one will every get into the market unless they get help form their parents or strike gold.