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Reply to "Is home ownership out of reach for people under 30? "
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[quote=Anonymous][quote=Anonymous]Doesn’t it depend on their location and amount of money they have rather than age?[/quote] Maybe but it seems out of reach imo. We bought when we were 30 years old for $500k, put 10 percent down which was hard coming up with then. Our house is worth about 1.4m 7 years later. That would require a $250k down payment, which is a lot for someone around 30 to save in cash. It just is. It seems so out of reach even with great jobs to get on the property ladder. Our house is also fine but nothing special either. [/quote]
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