Not buying anytime soon
I took a little time this evening to get a real sense of housing prices where I live in comparison to where my friends and family live and how that all relates to my income. I'm not really itching to buy right now, but I know it's something I should start planning for.
Basically, I've got to make about two or three times my current income to buy a place here, DC, my old neighborhood in LA, or the the Bay Area. On the other hand, I'd have no trouble buying a place in Pittsburgh or where my mom lives in oregon and I could easily buy a nice big place in Huntington (or several small ones starting at $15k).
It's kinda scary to think that I live somewhere that I can't afford to own property and that I'm gonna have to be either really overpaid or wait a long time before I can afford to buy.
Basically, I've got to make about two or three times my current income to buy a place here, DC, my old neighborhood in LA, or the the Bay Area. On the other hand, I'd have no trouble buying a place in Pittsburgh or where my mom lives in oregon and I could easily buy a nice big place in Huntington (or several small ones starting at $15k).
It's kinda scary to think that I live somewhere that I can't afford to own property and that I'm gonna have to be either really overpaid or wait a long time before I can afford to buy.