Harry T

Are Home Prices Still Too High?

Low interest rates fueled the rapid rise in housing prices, and kept them up. For some odd reason people would rather you pay a hefty price on a home to have you work 30 to 40 years of your life away, rather than keep prices low so you can work 20 years own the house and decide if you want to retire (without benefits) or continue to work.

The biggest expense in any low to middle income family is a mortgage. And that keeps them working, but the job market is not large enough for every working American to keep working for 30 to 40 years while the new generation comes into the work force, because many of the older generation postpone retiring and opening up those positions because they still have mortgage obligations.