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I wasn't really thinking along political lines - I am really just focusing on housing and affordability. I didn't realize that the govt. could do something about it, I am more concerned with what I can do about it.
The median house in my area, of which I fondly refer to as the ghetto (if you saw the squalor I lived in you would know what I mean) is $450,000.
A minimum 20% down means I would have to have $90,000 cash outright, then maybe I would luck out and get a 6% mortgage or something.
Women and beer aside (always a good thing - I might just move up north and in with Ben), I don't expect to close on a house the day after graduation. I meant in a more broader sense that typically, home ownership is a pretty common goal among people, but it seems to me, that it is increasinglky difficult.
I just don't understand how anyone can afford to buy a house these days. There aren;t that many good paying jobs out there. According to some report in the real estate section of the paper, in order to afford a home in LA, you need to have a minimum income of $120,000. That is certainly not the median (as far as I know).
I was paying $2550 (total rent, not just myself) on a 3bd/2ba apartment thatwas falling apart an in violation of health codes. We had a rat problem and the health department came out numerous times. We didn't have hot water and my roomate's car got broken into twice. We lived in Brentwood! Not exactly a real slum but it might as well have been.
Basically, I want in on the action and I'm whining cause I don't know how to.
Yakk do you really think that prices are in line with historical trends? It just seems so.....out of reach and discouraging. *sigh*
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