Blaze@discuss.tchncs.de to Personal Finance@lemmy.mlEnglish · 2 年前Homes "unaffordable" in 99% of nation for average Americanwww.cbsnews.comexternal-linkmessage-square210fedilinkarrow-up1760arrow-down111
arrow-up1749arrow-down1external-linkHomes "unaffordable" in 99% of nation for average Americanwww.cbsnews.comBlaze@discuss.tchncs.de to Personal Finance@lemmy.mlEnglish · 2 年前message-square210fedilink
minus-squaremke_geek@lemm.eelinkfedilinkEnglisharrow-up1·2 年前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.
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkEnglisharrow-up1·2 年前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.
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.