And CTMac your income is probably a lot higher than Utah average income. And
you may have bought beyond your means. I owned a home, once, and I was house
poor. I could afford it, but being alone, I couldn't do the maintenance as
needed. Finally sold it and now I rent.
Yeah but people in CT tend to make a lot more money than people in UT! It's
called cost of living!
Spare me the sob stories. Just moved to CT where I pay $3500 / mo for 2,000
ft^2. I would LOVE to have UT prices.
The price is still way to high to afford.
Unlike middle-class home buyers in Utah, it should be noted that most
middle-class home buyers throughout the rest of the United States buy less
square footage, have better quality homes and pay less for their American Dream
than the fools here in Utah who consistently are 'house poor' and within a
couple of years are struggling to make the house payment, not having factored
the added child and one on the way into their 5 year fiscal projection at the
time they bought their home.You new Utah middle-class homebuyers
need to get your expectations down to a rational level, especially you twenty
something ones. You're wanting the house of your dreams right out of the
chute.The best thing you can do is copy how your grandparents bought
their homes. Don't you find it interesting that while many of your parents may
have lost a home sometime while you were growing up, your grandparents typically
were able to hold on to and keep their homes intact.Hmmm. wonder
why? Because you mom and dad thought they were smarter than their parents when
it came to the funny economics of the 80's/90's. Now it's neo-Crash of '29 days.
I live in St. George and bought a townhome for $180,000 that is 1450 square
feet. This isn't even affordable housing, so it seems like they could get
prices lower than 170,000.
What a wonderful idea. I like everything about this. Now let's build some more
so more of our young kids can actually afford to live here.