Quote:
Originally Posted by IrishSpring2013
2017..
- 3..
= 2014  |
I will admit to misreading that.
Even 3 years ago real estate prices were almost half what they are now. It's that massive gain over the last 2-3 years that have pushed an expensive market into an unaffordable one:
This idea that people can afford a property if they work hard is quite flawed. People on fixed incomes, like policemen, teachers, nurses, etc... can't find a way to save up the kind of money required for a property now. Basically when the run down houses increased from $600-800k to $1.2-$1.5, it priced everyone not making $200k+/year out of the market.