Tilted Forum Project Discussion Community - View Single Post - 31% of U.S. housing market "extremely overvalued": new study

maleficent · 08-18-2005, 04:58 AM

I wish I could..

I know where I am currently living, in North Jersey, about 20 minutes from NYC, in a very blue collar area, with a pretty weak public education system (There is a waiting list for the parochial high school the public school is so bad) 3 bedroom houses, on property so small that it can't be defined in acreage, it'd be rare to have a driveway, houses start at 350K for one that owuld need a lot of work.

I make a decent salary, but I swear i don't understand how people who i know make less than i do, can afford these houses - -unless they are mortgaged to their eyeballs...

Where I'm moving to, the housing market is just as bad...

08-18-2005, 04:58 AM	#2 (permalink)
maleficent Junkie Moderator Emeritus Location: Chicago	I wish I could.. I know where I am currently living, in North Jersey, about 20 minutes from NYC, in a very blue collar area, with a pretty weak public education system (There is a waiting list for the parochial high school the public school is so bad) 3 bedroom houses, on property so small that it can't be defined in acreage, it'd be rare to have a driveway, houses start at 350K for one that owuld need a lot of work. I make a decent salary, but I swear i don't understand how people who i know make less than i do, can afford these houses - -unless they are mortgaged to their eyeballs... Where I'm moving to, the housing market is just as bad... __________________ Free your heart from hatred. Free your mind from worries. Live simply. Give more. Expect less.