40-year-old homeowner says economy doesn’t add up: ‘I’m making the most money I’ve ever made, and I’m still living paycheck to paycheck’ - eviltoast
'I’m making the most money I've ever made, and I’m still living paycheck to paycheck'

“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.

  • iopq@lemmy.world
    17·
    8 months ago

    You’re going to pay it off in what, like 25 years? Yeah, it will be worth over a million by then.

    My dad bought his house for $600,000 in 2008 peak, and it is now worth maybe 2 million. It hasn’t even been twenty years and it’s more than tripled, despite being underwater on the mortgage in 2009 (owed more than market value)

      • iopq@lemmy.world
        16·
        8 months ago

        So? Someone spending $300,000 on loan shouldn’t complain about not having money. Maybe manage finances better?

        Like half the country should be so lucky to own their home