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[deleted] t1_j4363v9 wrote

Reply to comment by Decent-Employer4589 in Ranting about house prices by AllMightoh

Getting a loan is not the problem. Paying off the loan is.

You'd need 10 homes on the east to match one home on the west lol

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Decent-Employer4589 t1_j43dvk9 wrote

That’s why most get a 30yr mortgage and/or find a “good enough” house vs dream house. Or you get down the line and it appreciates in value and you pay off when you sell. Only about 1/3 of people have no mortgage.

As for 10 to 1 - not always. But I hear you. It’s why I relocated for 5 years. Needed capital!

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