Can the West’s perplexing employment miracle continue?

Re:Can the West’s perplexing employment miracle continue? by anonymouskimmer on Monday March 06, 2023 @12:05AM (#35037688)

> Have you personally already purchased your first home? Without family assistance, it would be absolutely brutal and untenable for my children to enter into in this domain at present.

I haven't, but I'm not a DINK, and have never broken six figures.

The right credit union will make a home loan with no money down, which might help your kids and their spouses. I'm currently paying $3k/month for rent. Zillow says that this could afford a $350,965 home with a 30-year 6.833% fixed rate, including 1.2% taxes at $351/month and $800/year in homeowner's insurance at $67/month, and mortgage insurance at $287/month. Not possible in this area, but possible elsewhere.

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Re:Can the West’s perplexing employment miracle continue? by roflyear on Monday March 06, 2023 @08:38AM (#35040787)

Hardly possible in my state! $350k gets you a fixer upper 2br 1bath

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Re:Can the West’s perplexing employment miracle continue? by anonymouskimmer on Monday March 06, 2023 @11:27AM (#35042935)

That's basically what I'm paying $3k rent for here. Sounds nice. Buying a house like that outright is probably in the $500k+ range here.

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Re:Can the West’s perplexing employment miracle continue? by roflyear on Monday March 06, 2023 @11:52AM (#35043260)

Yeah it sucks.

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