Quote:
Originally Posted by quasi
In my neighborhood I swear I'm the only person within blocks that doesn't have a suite which is not helping the issue as far as density goes here. In order to afford these houses most people need the extra income to help pay there mortgage. If I had to put a suite in my house I'd downsize and move into a townhouse or a condo, no fucking way I'm dealing with that bullshit but that's just a personal decision.
My wife and I both work and make decent incomes, again no way in hell I'd take on a 700 or 800K mortgage on a million dollar home with 300 down. I guess it's the world were living in but I want no part of that crap, I'd pickup and move somewhere else before I did that. I plan to be mortgage free before 50, I hit 40 a few months ago so head down and stick to the plan.
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a solid head on one's shoulders! congrats. and i'm with you, have no desire to live with basement renters (unless they were a family member)
i think the issue here is that you're 40, mature, and from a generation that is not entitled. millenials must have that brand new kitchen, hardwood floors, but don't want to work for it, so the mortgage must make up the difference. and, no, rates won't ever raise, because then they won't be able to have (afford) what they want
of course I'm generalizing, but there's no smoke without fire.