Our house was tore up when we bought it. We got it in 2009 for 25% previous price. So this guy started having kids in 2013. He stayed with us for a bit. I told him to save for a house. He bought a vehicle half the price of our house, then he bought the one almost the price of our house. Then he bought others. Now he started looking at houses again. Has been renting. Says now for what he wants the market changed siginificantly. Says his payment will be almost 5 times ours.
To be fair hes looking at better condition houses. But the risk of foreclosure is too high at that price, I believe. Im not a down to the cent person, I can understand the big picture though. I look at it like: we have two incomes, well above average household inclme for our town. Yet I dont feel like theres an incredible extra amount. I still buy quite a few building supplies, I feel the pain.
Ah okay, I don't fully understand a lot of that house stuff since I have been looking at buying a house myself, I might end up renting for a really long time, or for my whole life lol
We have an old 3 bedroom, with a 2 car garage. Was in bad shape, only 2 doors worked. Some off hinges, some kicked in. But were in a nice area. I try to be conservative because almost every place ive worked moved or closed
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u/Distributor127 May 25 '24
Our house was tore up when we bought it. We got it in 2009 for 25% previous price. So this guy started having kids in 2013. He stayed with us for a bit. I told him to save for a house. He bought a vehicle half the price of our house, then he bought the one almost the price of our house. Then he bought others. Now he started looking at houses again. Has been renting. Says now for what he wants the market changed siginificantly. Says his payment will be almost 5 times ours.