It really doesn’t mean anything to say what a home might cost in a certain area, without specifying that area. People can’t just move across the country, because they don’t have jobs. And if you’re putting them in a situation where they would have to commute an hour and a half each way, that has its own set of issues.
The numbers that you include look nice, but I’ve seen a lot of other numbers that don’t look nice. Obviously this all depends where you live, how much money you have, and what kind of place you want to buy.
It really doesn’t mean anything to say what a home might cost in a certain area, without specifying that area. People can’t just move across the country, because they don’t have jobs. And if you’re putting them in a situation where they would have to commute an hour and a half each way, that has its own set of issues.
The numbers that you include look nice, but I’ve seen a lot of other numbers that don’t look nice. Obviously this all depends where you live, how much money you have, and what kind of place you want to buy.
And yet the home ownership rates increase.
Again, it’s far from perfect. Not the hellscape described. Again, MOST (Almost 70%), will own their homes when they retire.