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A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor'
(www.businessinsider.com)
this post was submitted on 14 Aug 2024
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They are nowhere near poor they're just not willing to pay what the market demands.
They are not poor.
I repeat they are not poor.
Not being able to afford things you want doesn't make you poor. They can afford a house. They do not want to pay a high price.
Square the two cuz u look like a fool defending these whiners.
That's why they said 'house poor'. They're not poor, read the article they even talk about it. Being unwilling to pay "what the market demand" is a fun way of saying "were priced out of all reasonable choices".
Cost of living is different everywhere. If they made 250k in Indiana or Ohio, they'd have money to spare and a McMansion to boot. But Indiana and Ohio don't pay 250,000 for a lot of things, the salaries don't reach that here for a VAST majority of upper level earners in the state. Take into account cost of living and average wages in a location before you get shitty
In the 70s this couple could have easily owned two houses.
Sure, they're not poor compared to someone in an undeveloped region of Africa, but they are absolutely poor compared to their parents and compared to what is right/just/fair.
And 30% is a sound limit for what you ought to be spending on your mortgage. This isn't them whining about price, it's them recognizing that it's not financially responsible to wage-slave themselves for the sake of buying a home.
Thank you.