Americans are working less

[Rain Man]

Originally Posted by Bearcat

Yeah, I just used a basic mortgage calculator that included the stupid ****ing PMI, which came out to like $1634/month... no down payment for simplicity, but also have no idea what's out there for first time homebuyers.

Definitely worse than I would have guessed, even though I knew it was bad.

I went back and looked in the neighborhood where I bought my first house at $90k and a comparable one down the street just sold for $190k.

Funny thing is that almost exactly matches my first house mortgage 30 years ago, both in price and payment. ($17x,xxx mortgage with a payment of about $1,650). Living in central Denver was not a cheap undertaking.

[HemiEd]

Originally Posted by Rain Man

Funny thing is that almost exactly matches my first house mortgage 30 years ago, both in price and payment. ($17x,xxx mortgage with a payment of about $1,650). Living in central Denver was not a cheap undertaking.

It's a journey for sure and the market like Denver/Chicago has a big impact.

We paid $2100 a month in Chicagoland for 17 years even after putting enough down to avoid the PMI. Refinanced multiple times due to interest rate fluctuations.

Last July's storm damage repair to this home was more than the price of our first two homes gross sale price combined.