One of the things that really complicates ALL the pricing is that the logical and emotional definition of money changes and has been changing at break neck speed for 3 years. My grandfather taught me not to think about the numbers, but think about the real cost, your life.
I was working in my trade and making about middle of the average for my job. My first home, a beat up, fixer upper 900 SQ ft slab ranch in an older starter neighborhood. The purchase price 2.5 times my annual gross income. The FHA loan was really more expensive by the time you added in PMI points but it allowed a 5% down payment. 15 plus percent interest. It was a painful payment, but I had a wife and a kid to feed. Worked on the side and drove rusty old cars with no payment so we could eat every day.
The war on the psyche of young adults has changed the understanding of all aspects of life, to make everything appear impossible, and to make the past appear easy. Both points are largely distorted. Failure to see through the fog will create an entire generation of slaves.
I was working in my trade and making about middle of the average for my job. My first home, a beat up, fixer upper 900 SQ ft slab ranch in an older starter neighborhood. The purchase price 2.5 times my annual gross income. The FHA loan was really more expensive by the time you added in PMI points but it allowed a 5% down payment. 15 plus percent interest. It was a painful payment, but I had a wife and a kid to feed. Worked on the side and drove rusty old cars with no payment so we could eat every day.
The war on the psyche of young adults has changed the understanding of all aspects of life, to make everything appear impossible, and to make the past appear easy. Both points are largely distorted. Failure to see through the fog will create an entire generation of slaves.