Hacker News new | ask | show | jobs
by slymon99 932 days ago
Comparing living near jobs and quality schools to living by a mansion on the beach is quite unfair - people don't solely desire the luxury of cities, they desire the opportunity for themselves and their families.

"Working your way up the property ladder"? The median sale price for a house in Westchester County, NY is seven hundred and fifty thousand dollars. With insurance and property taxes and the current interest rate, that's over six grand a month. That's a hair shy of the US median household income (before taxes!). How exactly is a person ever supposed to afford that?

1 comments

They get in for a small %. Hold for a few years than sell for 1,000,000.

They get a loan from parents

They rent out their basement

They partner up.

They buy the lower priced 600,000 home and make repairs themselves.