Ah the American dream or nightmare- home ownership. All you Gen Y’s, are you considering buying a home in the next few years? We are! My husband and I are saving for a modest home in California and since home sale price medians in LA County range around $317,000, we’ve got some work to do. With unemployment rates at such levels, fewer GenY’s are financially secure enough to take such a major step in their lives. And although majority of the country has experienced declining home prices , Sydney has actually seen a rise. In fact, the median Sydney home price is around $644,658! With such high home prices, Gen Y Aussies are cutting back on spending tremendously (or considering robbing a bank) to save for a down payment. NOW, I’ll stop complaining about Cali home prices.
No comments:
Post a Comment