Hopelessly Homeless
For the past several weeks I’ve been trying to figure out how to get a house. I’ve been looking at different kinds of mortgages, and I’ve been looking all over for houses. There are a lot of nice places to live, but we can’t afford any place that’s very nice. In the past, the strategy has been to save up for a down payment and then get your mortgage. I’ve been thinking we would try that, and wait a few years until I’m more established in my career and making more money. In ten years I will probably be making close to twice what I am now. The problem is that almost every zip code in the valley is experiencing double-digit growth in housing prices. That means that when I can afford a house at today’s prices, it will be tomorrow. It’s all one frustrating round. Of course, prices may level off soon. They also might skyrocket. I might experience some financial windfall within the next few years, but probably not. Interest rates may go up or down. Does anybody know any rich old people wh...