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1StrongBlackMan

(31,849 posts)

4. While homeownership miht be the "American Dream" ..

Reply to PowerToThePeople (Reply #1)

Tue May 12, 2015, 10:05 PM

May 2015

I'm afraid it may be a figment of a begone age, regardless of income ... a time when people were far less mobile Anecdotally, I know several high incomed couples that are not seeking to purchase a house (unless it's a vacation home) because it will tie the to a specific location.

So I'm not sure we should include rea estate purchase as the "real economy."

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Highlight:

How Soaring Housing Costs Impoverish a Whole Generation and Maul the Real Economy [View all] marmar May 2015 OP

I will never own a home PowerToThePeople May 2015 #1

While homeownership miht be the "American Dream" .. 1StrongBlackMan May 2015 #4

"mobility" to me PowerToThePeople May 2015 #5

Agreed. n/t 1StrongBlackMan May 2015 #6

Most people buy FHA 3.5% down, cheaper than rent in Ohio we can do it May 2015 #2

Worst case scenario he uses FLPanhandle May 2015 #3

In reading the rest of the article, it has a chart with different cities around the countries Hestia May 2015 #7

I got lucky in the 90's with a job working for a local investment bank boutique kimbutgar May 2015 #8