Before 2008, people were telling me, "You should get a home loan. They're giving them to anybody!"
I thought I was missing some aspect that everyone else saw. I knew I wasn't making enough at the time to cover a mortgage, insurance, and taxes. Much less, the repair costs when a new roof, water heater, etc was needed. Then it all caved in, and I'm glad I didn't get roped in.
I'm seeing job ads today for middle-level positions starting at $100k-$200k per year. If someone makes that much, and doesn't blow their paycheck on doodads, it's doable. My confusion is seeing people pay that much for a sizable house instead of sizable acreage. I grew up in the woods though, and find populated areas unattractive.
