Re:Why the government took home prices out of its main infla...
by User23 on Friday May 27, 2022 @01:39PM
(#31532406)
The point is not their existence, it’s that the Case report is even more of an apples to oranges comparison. Imagine a time when for the same share of your income you could pay off the same house in half the time.
> it is quite possible to get a 10 year mortgage on a house on the median income.
If you don’t mind living in a meth infested trailer park maybe. I assume of course you’re talking about regional median income, not the national.
If you want to live someplace with a decent school district and a good community for raising a family on a single income like the silents and boomers could in major cities then rural America today is no magic bullet.
I have no problem with rural living but suggesting hey why not go homestead in BFE Alabama or something isn’t a refutation for housing policy destroying the middle class, which has largely been urban and suburban.
> it is quite possible to get a 10 year mortgage on a house on the median income.
If you don’t mind living in a meth infested trailer park maybe. I assume of course you’re talking about regional median income, not the national.
If you want to live someplace with a decent school district and a good community for raising a family on a single income like the silents and boomers could in major cities then rural America today is no magic bullet.
I have no problem with rural living but suggesting hey why not go homestead in BFE Alabama or something isn’t a refutation for housing policy destroying the middle class, which has largely been urban and suburban.