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This has to re-balance at some point. The only way to buy a house seems to be to have an existing house to upgrade, or have someone die and get enough inheritance to make the remainder of a mortgage affordable. We went to refinance a month or so ago and an income of $250k was needed for about $1.3m mortgage (without lying about expenses)
This has to re-balance at some point. The only way to buy a house seems to be to have an existing house to upgrade, or have someone die and get enough inheritance to make the remainder of a mortgage affordable. We went to refinance a month or so ago and an income of $250k was needed for about $1.3m mortgage (without lying about expenses)