Earlier today we reported that for at least 40% of Americans – up from 27% just two years ago – the American Dream is dead and buried and has been replaced with the American nightmare: renting for life.
And here’s why: according to a new survey from Clever Real Estate, a St. Louis-based real estate company, thanks to the galloping housing inflation, the median-priced home in the U.S. now costs $332,494, with NAR and Census Bureau data reporting that the median Existing and New Home sale price has risen to $393,500 and $430,700…
Thank Biden !!!!
These housing issues have long predated Biden. If you have to blame anyone, blame George W Bush. Or maybe Obama for refusing to prosecute any of the banks for the Subprime Mortgage collapse that caused the recession. Housing prices have been out of control for decades. This didn’t just suddenly start 3 years ago when Biden took office.
Oh, but you must save money from your $15 / Hr job and not waste it.
Well not many on Delmarva will be getting a Home at $15 hr !!!!! Can’t even afford a Kia !!!!
And that’s the plan 9:06
Kia says you have to make $350 week so what is left after the Car Pymnt ????
A mobile home costs $120,000 to $160,000 for a double-wide, including delivery. Mobile home prices depend on the size, features, customizations, and add-ons.
The problem comes from these ” planned communities “. You have the developer and contractor dictating the prices of these homes. They may only give you a choice of three or four different styles to buy. ( Modern day cookie cutter houses ). You never hear or see of a planned mobile / manufactured home community. This would be where affordable housing comes from. But mostly it will be the market that dictates the prices of housing. A $350k – $450k house is going to cost a person around $3500 – $4500 a month mortgage. ( Just thing of it as $1000 per $100,000 spent for a mortgage. )