NOT TRUE! I am closing a $285,000 house in Scottsdale (a suburb of Phoenix) on Friday. It’s a nice little starter house. You said that a house can’t be found under $300,000. Just not true!!
Your math makes more sense. 15% is still VERY significant. I’d like to see the numbers for Silicon Valley, where an entry level SFR is about a mil. Granted the wages are higher, but so are taxes. To say there is an affordability issue would be an understatement.
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NOT TRUE! I am closing a $285,000 house in Scottsdale (a suburb of Phoenix) on Friday. It’s a nice little starter house. You said that a house can’t be found under $300,000. Just not true!!
Your math makes more sense. 15% is still VERY significant. I’d like to see the numbers for Silicon Valley, where an entry level SFR is about a mil. Granted the wages are higher, but so are taxes. To say there is an affordability issue would be an understatement.