My opinion is that the average American worker making between $15,000 and $50,000 a year cannot buy a house over $85,000. I actually only make $9.74 per hour now. Work for the biggest media company in the world but can't afford even the deposit to get new apt. Let alone a house. And not a kid, 54 now. And doubt I will own a home again.
If homes are not between $85,000 and $125,000 (max). Then they are out of reach for normal working American's. The size or cost of square foot makes no difference ... Its final price that does. And most homes are out of reach of hourly working US Citizens. Its a shame on the American Dream. Taken away the hope we once had.
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My opinion is that the average American worker making between $15,000 and $50,000 a year cannot buy a house over $85,000. I actually only make $9.74 per hour now. Work for the biggest media company in the world but can't afford even the deposit to get new apt. Let alone a house. And not a kid, 54 now. And doubt I will own a home again.
Jan 04 09:56 am
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All Comments by MrBuzz »Are U.S. Home Prices Reasonable? [View article]
If homes are not between $85,000 and $125,000 (max). Then they are out of reach for normal working American's. The size or cost of square foot makes no difference ... Its final price that does. And most homes are out of reach of hourly working US Citizens. Its a shame on the American Dream. Taken away the hope we once had.