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If you want to pretend that the hoinusg bubble didn't start until 2003, I was 27 years old at the time and just getting my first job. Almost eight years later, I'm 34, and I have spent the time that I should have been building equity in a modest home at a 3:1 price to income ratio instead throwing away money in rent watching prices spiral out of control.On top of that I have spent the last two years watching the Federal Government throw away my tax dollars on $8000 seller subsidies in an effort to continue to keep home prices out of reach for me.These are prime years gone, meanwhile RE Agents scream that its a wonderful time to buy when the price to income ratio drops from 5.5:1 to 4.5:1.Insanity. Rate this comment: 0 0
by Bayahambar 08:05:37 PM 2013.01.27 |
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