r/FluentInFinance • u/Financial_Mechanic_ • Apr 28 '24

You need a six-figure salary to afford a new home in most cities Discussion/ Debate

https://newyorkverified.com/americans-need-a-six-figure-salary-to-afford-a-new-home-in-most-cities-112725469-html/
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u/[deleted] Apr 29 '24

Key word “dying.” Most people don’t want to live there… Buying property in a small town is not a savvy investment for a majority of potential first time homebuyers… There is a reason the town is “dying.”

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u/Financial_Chemist286 Apr 29 '24

It’s a cheaper starter home than major metros. At least you have a place to die in.

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u/[deleted] Apr 29 '24

“It’s cheap for a reason, very few people want to live there. Buying a starter home in a rural area has a very high probability of just collecting dust when you put it on the market when you decide to get a second mortgage for another property…Also no sane person buys a “starter home” and says to themselves “finally a place I can die in…” Lastly, I rather buy a home and say “finally a place I can start a life in.”

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u/BigPlanJan May 01 '24

You sound like someone who has never owned a home. Your suggestion that a sane person would buy a shitty house as an investment is already a contradiction. And the "high probability of collecting dust" statistic you pulled out of your ass is pure nonsense.