60 minutes - mortgage stress, page-73

  1. 11,154 Posts.
    UT,

    Here's another example we shouldn't let slip under the radar and is pertinent to this thread. Anonymous1 posted '49625' that,

    ''My parents tried to buy their first home in 1971 for $12,500
    They had $14,000 cash saved, both worked full time.''

    Kinsella's post pointing out the huge increases in house prices over the years since then, post 49636, clearly show the impossibility of a young couple working to save enough to buy their first home today. Let alone having a big chunk left over.

    Home goal?



 
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