03-05-2023, 04:26 PM
(03-03-2023, 03:45 PM)Rainrider22 Wrote: now now. don't judge without knowing facts. I have good friends, two families in fact, who live there in what you describe. But I can advise you they all( both husbands and wives) worked their asses off to achieve what they have. They made a lot of personal sacrifices, not eating out or buying impulse frivolous extras, driving old cars etc, not going on vacations. They also bought small homes and traded up a few times. So, they have been rewarded with some very nice large homes. I on the other hand, took a different route and lived it up a bit. So I live in a much smaller home. Life is about choices. But I never begrudge someone having more than I have. Now, they could very well become NIMBYs just as much as anyone else...not that they are at this point. I have asked them about the developments and they are all fine with it.
You lost me on the trading up part. Myself, and friends in similar situations that graduated post 2019 are pretty much out. I have over 4x'd income and live modestly, and the housing market has outpaced the ability to save. These people benefitted from an exclusionary system. Homeowners have been given a lottery ticket in exchange for providing negative value.