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      10-11-2019, 04:35 PM   #93
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Quote:
Originally Posted by SteveinArizona View Post
Housing prices have gotten much more expensive in recent years and many employees such as you describe can't afford a house. So they spend what they would have spent on a mortgage on a car payment.

Is that what I would do...no. But I am 74 and debt free. I feel sorry for the next generation. The US dream is rapidly failing and the new generation will have trouble living up to the standards of their predecessors.
Nope.

With exception of certain markets where housing has gone insane, overall as a country, home prices per square foot are actually cheaper today than they were 50 years ago, when adjusted for inflation.

Bottom line - it costs less to buy a home today than it ever has in modern history in the United States. People are just choosing to buy nicer and larger homes than they should be buying.

Not the fault of the costs of home ownership - the fault of people today making dumb ass financial decisions.





https://www.aei.org/carpe-diem/today...last-40-years/
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