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Homes "unaffordable" in 99% of nation for average American (www.cbsnews.com)

submitted 11 months ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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[–] mke_geek@lemm.ee 1 points 11 months ago (1 children)

I'm willing to bet there's a lot of homeowners like this. Why do you think there have been so many foreclosures?

New homeowners get the house then they think that's it.

But it's not.

Homeownership isn't for everyone. Not everyone is financially responsible to own a house.

[–] sugar_in_your_tea@sh.itjust.works 1 points 11 months ago

I absolutely agree. I'm just saying that's what homeownership requires, otherwise you'll be stuck with an endless money pit financing every little repair.