Re:Homeowner vs. Renter: Why Should You Ever Buy a House (a...
by pchristensen on Monday May 12, 2008 @11:11AM
(#187630)
"It WILL pick up -- the country isn't becoming LESS crowded."
That's less important than the fact that the country is getting richer (despite wage stagnation). Poorer people can lower their expectations for safety, space, etc, but the richer you get, the more you want. I moved from 800sf in an old high rise to 1000sf in a suburban apartment complex to an 1800sf house within 2 years as I got out of school and my income increased. I could save 60% if I had stayed in my apartment, but I'd rather pay extra.
That's less important than the fact that the country is getting richer (despite wage stagnation). Poorer people can lower their expectations for safety, space, etc, but the richer you get, the more you want. I moved from 800sf in an old high rise to 1000sf in a suburban apartment complex to an 1800sf house within 2 years as I got out of school and my income increased. I could save 60% if I had stayed in my apartment, but I'd rather pay extra.