LogFAQs > #890940176

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Topic	America: Too poor to buy homes, pay rent/car loan
FFVII_REMAKE 11/23/17 4:54:04 PM #130:	BuzzyTheCat posted... FFVII_REMAKE posted... A home in California averages $1M. You need to put down a 20% downpayment to mortgage a home here in the current market. 70% of Americans have less than $1000 in savings or no savings at all. That sounds like a serious California problem. I also showed earlier you can find <40k houses in California within 2 hours of major cities. 1 I found less than 45 minutes from the capital Houses that hover between $500K-$600K are homes that are an hour or more away from major cities.... these are people that waste 2+ hours everyday commuting to work. Back in 2008, some or most of the houses in the city were the same price. Now they've doubled and just continue to go up. <cite>FFVII_REMAKE posted [p:890940176] in America: T... [t:76022501]...</cite> <quote><cite>BuzzyTheCat posted...</cite> <quote><cite>FFVII_REMAKE posted...</cite> <quote>A home in California averages $1M. You need to put down a 20% downpayment to mortgage a home here in the current market. 70% of Americans have less than $1000 in savings or no savings at all.</quote> That sounds like a serious California problem. I also showed earlier you can find <40k houses in California within 2 hours of major cities. 1 I found less than 45 minutes from the capital</quote> Houses that hover between $500K-$600K are homes that are an hour or more away from major cities.... these are people that waste 2+ hours everyday commuting to work. Back in 2008, some or most of the houses in the city were the same price. Now they've doubled and just continue to go up.</quote> ... Copied to Clipboard!
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