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August 25, 2005
"If You Want a House You Should Just Buy a House"
A first-time buyer's point of view on housing prices.
All around LA where the housing prices are a full 80% above the average income, houses have been bought at sky-high rates with “exotic” loans and now the predictions are out in full that in the next few years we’ll see a lot of bankruptcies and foreclosures. Possibly some cheaper housing prices, which will be nice, but this trend of living beyond a person’s means can’t be good, can it?
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Posted on August 25, 2005 05:39 AM by House 78.
Filed in Mortgage Calculator under housing prices.
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