I mean, if you’re making $12 USD an hour, which is considered very low, then you’re still only spending 28% monthly wages on the above example I gave, and you get to keep what you put in minus depreciation when you resell, sometimes at a profit. Like I said, it’s way better than renting. Plus, these aren’t trailer homes, they have an actual foundation and a connection to city sewer, so the probably don’t depreciate very much if you take good care of it.
Yeah, the boomers fucked up the American Dream and now family homes aren’t available to the majority, but the property in the image is not a bad deal at all and I stand by that opinion.
I mean, if you’re making $12 USD an hour, which is considered very low, then you’re still only spending 28% monthly wages on the above example I gave, and you get to keep what you put in minus depreciation when you resell, sometimes at a profit. Like I said, it’s way better than renting. Plus, these aren’t trailer homes, they have an actual foundation and a connection to city sewer, so the probably don’t depreciate very much if you take good care of it.
Yeah, the boomers fucked up the American Dream and now family homes aren’t available to the majority, but the property in the image is not a bad deal at all and I stand by that opinion.