“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.
“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.
If that’s what they’d said, I wouldn’t take issue with it. Of course a person has to do the maths, buying a home isn’t a light decision. But the size of the purchase isn’t at all related to living cheque to cheque, which was in the words they chose.
Yes it is. Higher home cost = higher monthly payment. Why would it not be related?
Because the purchase is broken up into installments and paid back monthly. That is why, despite my home being the most expensive thing I have ever purchased, I am not living cheque to cheque. If her problem were the size of the purchase alone, then I too would be living cheque to cheque and so would all other homeowners with mortgages.
Edit: I should point out that my cost of living has actually dropped since I bought my home, because I did the maths to be sure it would. Most expensive purchase of my life saved me money. Go figure, right?
What the fuck is this hair splitting pedantry