Re: OT: AARP

No kidding. The area I moved from was, and still is, extremely economically depressed. Jobs are nearly nonexistent in the area, and the number of people on foodstamps and welfare is astronomical. It has become an area full of retirees, because ANY stable income, even SS, is a real plus. A house we bought there 17 years ago for $30,000 and let go for next to nothing when I left has now sold for $180,000. It's a tiny 2-bedroom, 1-bath house that's not even on a full lot. What's bringing up the cost of housing? I'm told the "charming town" has been discovered by people from California, etc. looking for vacation homes in the mountains. It's also filling up with Border Patrol agents and their families, as it's 7 miles from the Mexico border. I worry about the people who've lived there for a long time and wonder how long they're going to be able to afford to pay their property taxes.

Anne


LizzieB. wrote:


Large mortgages aren't about the McMansions, necessarily. They're about starter homes--and one contributor to that is that the housing prices in areas like California and the NE are so high that when they sell, they can buy in cash in other places. That makes the other places' housing costs go up because of demand.

That is not a controllable effect by an individual with a responsible budget.
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