How many of these homes are being bought by people or families with a
traditional mortgage versus cash buyers who in turn either flip the homes or
rent them out for a profit. It's really difficult to qualify for a home
loan when most middle class Utahans just don't make enough money. Wages in
Utah are stagnant just like everywhere else and considering Utah was at the
bottom as far as wages to begin with, makes a person skeptical of this article.
I've been downsized twice in 3 years. Income reduction of 20% so who is
this economy working for?
Improved economic conditions for who? I haven't had a raise in seven
years,and the prices keep going up on just about everything. I have yet to see
any evidence of the so-called economic recovery. People at about the median
income level are still locked out of housing in Salt Lake County.