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Homes "unaffordable" in 99% of nation for average American (www.cbsnews.com)

submitted 1 year ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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[–] mke_geek@lemm.ee 1 points 1 year ago (1 children)

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.

[–] sugar_in_your_tea@sh.itjust.works 1 points 1 year ago

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.