General Discussion
In reply to the discussion: it will take 29 years for college grads to save 20% down on SF home, study shows [View all]laundry_queen
(8,646 posts)Sometimes people can't move. Sometimes they have family they can't leave. Sometimes their jobs are very location specific. In my case, there are several issues - a separation agreement with my ex that says I cannot move more than 30 miles away from where I am now. Plus, my parents are nearby, they were SUPPOSED to help me through school, but didn't. I had moved here with my ex's blessing at the time (Before separation agreement) because they promised to help me out. Now I can't leave. Where I am is not as expensive as many places, but put it this way - I have a degree and a 'good' full time job and cannot afford anything but the most basic necessities, and had to get my parents to co sign my mortgage - they have said they won't cosign another mortgage because they will be retired. So I cannot sell and buy something else. Plus, I stopped renting because...well...it's far more expensive than owning right now. I'd have to pay more to rent if I sold my house and couldn't buy again.
Anyway, not everyone can move. That is a short sighted POV.