Sunday, October 19, 2008
I just don't get it. How can people afford to pay so much for a house? I watch some of those shows on HGTV, like My House is Worth What?, House Hunters, and so on. I can't believe some of these houses. They are nightmares and, often due to their location, asking for half a million dollars. Then there are the nice houses, but again the asking price is $300,000 or more. What gets me are the young, first time buyers. "We have a budget of $275,000." How? How can people afford that? I made a good profit from the sale of my first house, but I still couldn't afford more than $100,000 on my second. I make a decent salary, but I couldn't pay a $1,000 month mortgage. It was frustrating as in this area I could have found almost a dream home for under $200,000. At any rate, I'm happy with my home and I'll just continue to shake my head at the prices other people pay. Maybe this is why there's such a housing crisis.