@Blaze@discuss.tchncs.de to Personal Finance@lemmy.mlEnglish • 1 year agoHomes "unaffordable" in 99% of nation for average Americanwww.cbsnews.comexternal-linkmessage-square170fedilinkarrow-up1755arrow-down111cross-posted to: finance@beehaw.org
arrow-up1744arrow-down1external-linkHomes "unaffordable" in 99% of nation for average Americanwww.cbsnews.com@Blaze@discuss.tchncs.de to Personal Finance@lemmy.mlEnglish • 1 year agomessage-square170fedilinkcross-posted to: finance@beehaw.org
minus-square@mke_geek@lemm.eelinkfedilinkEnglish1•1 year agoI’m willing to bet there’s a lot of homeowners like this. Why do you think there have been so many foreclosures? New homeowners get the house then they think that’s it. But it’s not. Homeownership isn’t for everyone. Not everyone is financially responsible to own a house.
minus-square@sugar_in_your_tea@sh.itjust.workslinkfedilinkEnglish1•1 year agoI absolutely agree. I’m just saying that’s what homeownership requires, otherwise you’ll be stuck with an endless money pit financing every little repair.
I’m willing to bet there’s a lot of homeowners like this. Why do you think there have been so many foreclosures?
New homeowners get the house then they think that’s it.
But it’s not.
Homeownership isn’t for everyone. Not everyone is financially responsible to own a house.
I absolutely agree. I’m just saying that’s what homeownership requires, otherwise you’ll be stuck with an endless money pit financing every little repair.