| Comment | Now it is not possible, but 3-4 years ago it was. In the street where I live, the last house sold went for 300k. Four years ago another house it went for 200k, while in 2015 the average was 150k. Google says that someone earning 30k a year takes home almost 2k.
So 4 years ago, someone making 30k with let's say 20k saved, could borrow 180k for 25 years and pay around 850 a month (850 over 2000 is very feasible) and get a house where I live. |
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