Reply #10: Yes. I gave up trying to buy a home [View All]

[fencesitter]

By the time my income was up to the point of affording a mortgage, the housing prices had increased tenfold. Down the street from my $1100., 1 bedroom apt, some new townhouses are being built with the ad, "starting in the $400,000'S!" Woohoo! There are no small homes being built here, they're all huge, on small lots, 500, 600, 700,000 and up. Who are these people and what do they do for a living? I'm in suburban Philadelphia in a county that 10 years ago 100,000 would have bought you a very nice home. Not anymore. Even in town, what used to be low income, minority housing, is now out of reach. The county offered a buyer's assistance program for people who qualify, but the stipulation is the home may not be more than 125,000. Ha! guess what? 3000 people qualify for the program but we're all in line for that one-room shack by the tracks. It truly is nuts. I'm pretty much resolved to be renter forever.