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Reply to "How does anyone find a job that pays enough to afford a home here?"
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[quote=Anonymous]I think salaries have gone way up in respect to housing prices. My house value is pretty much exactly the same as when I bought it 13 years ago with a cumulative of 41% inflation. However, I am essentially earning the same as I did at that time despite numerous years of experience, maybe a percentage point or two increase. So, people entering the market a few years ago have quite the buying power. EG they can afford to go and get themselves a mortgage if they want to buy my house. Even considering the one bright spot of my matriculation was that mortgage rates were rock bottom. That being said, I wish mortgage rates were lower, so that I can raise the price of my house.[/quote]
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