You can still buy homes in US cities for under $150k. I just looked up my first home. I paid $37k in 1996, sold it for $74k in 2007, it’s worth about $125k now. It’s not a great location, but there are good jobs around St. Louis. If you want to live in an Instagram home in a big coastal city, I have no sympathy.
The sad part is that I make less money today than I did in 1996, not even factoring inflation. Inflation isn’t so terrible if wages move with it, but wages are completely stagnant even as prices double. I can’t afford to move. I’ve been stuck in my current home since I bought it. I just hope I’m able to pay it off before I’m no longer able to work.
You can still buy homes in US cities for under $150k. I just looked up my first home. I paid $37k in 1996, sold it for $74k in 2007, it’s worth about $125k now. It’s not a great location, but there are good jobs around St. Louis. If you want to live in an Instagram home in a big coastal city, I have no sympathy.
The sad part is that I make less money today than I did in 1996, not even factoring inflation. Inflation isn’t so terrible if wages move with it, but wages are completely stagnant even as prices double. I can’t afford to move. I’ve been stuck in my current home since I bought it. I just hope I’m able to pay it off before I’m no longer able to work.