Houses in my area increases 82% in just 4 years
Houses in my area increases 82% in just 4 years
My salary didn't change at all, but homes went up 82%. The money I saved for a down payment and my salary no longer are good enough for this home and many others. This ain't even a "good" home either. It was a 200k meh average ok home before. Now it's simply unaffordable
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In the lat 80s / early 90s, my SO and I saved up for 7 years to be able to afford the down payment for our first home. Now, that would be more like 20 years, which is too much.
Time to consider moving to Europe or Costa Rica or Mexico City or somewhere, if you're in that boat now.
It's not as bad in Germany, but pretty close. It's a very good time to sell houses. And on top of that they are generally much more expensive than American houses to begin with.
And on top of that they are generally much more expensive than American houses to begin with.
That very much depends on the area and the house itself.
Literally thinking of going back to the old country. Least I could own a compound for that i pay for a caravan in a first world country. If only I liked sun....