Reply to WSJ: rapidly growing mismatch between the price of available housing inventory and demand

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I've said this before but even a 1 million dollar house is only a 5k a month mortgage

That's very doable on 250k HHI

Now, that's before you factor in student loans and potentially daycare but your income is going to keep rising

It might be tight the first couple years (might have to not do retirement a year or two) but I think people forget that it gets easier every year[/quote]

But not if you prioritize spending money on something else aside from your house, which people are starting to do more and more. A lot of people want to travel, retire early etc.

We make well over 250K HHI and the problem with 1 million dollar homes are that many around here (close in, which is a priority for us commuting-wise) are shit. We choose a smaller mortgage, smaller house, and we did renovations to fit our lifestyle (wanted a large, eat in kitchen so took out a wall, etc.). I wish the trend toward the 5-6 bedroom houses would die. Not everyone who can afford them, wants them. We have 2 kids. We don't need a 5 bedroom 5 bathroom house, but that's what is on the market when we do consider trading up.[/quote]

This. Not everyone wants 5 tykes and live in cousins[/quote]

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