Quote:
Originally Posted by Jeaniee
That is Crazy! It disallowes low income people to get ahead by working hard
Following the MLS listings.
It is VERY BAD.
It keeps the poor, poor
And the very rich, rich
|
I agree, we started out married, young, no money. I saved every paycheck so we could put down 20% (then required) on the cheapest house in the area...it was a dog. We worked on it ourselves, every weekend. Yes there was also appreciation in housing that helped, but mostly it was our own hard work. Kept doing this ever 3 or 4 years, until we got a very nice house in the best neighborhood. This would not have been possible if we had just kept our first home as it never went up in value close to what our subsequent homes did (first home was eventually knocked down for a highway expansion).
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
