Dingdingdingding!!! WINNER!!
Back in 1988, I bought my first house that I still own.
I could have bought a bigger more expensive house according
to the banks and realtor. I knew that I might not always
have an income as high as it was then, so I bought what I
knew that I could afford even if I had to take a lower
paying job. For the last 7-8 years we’ve wondered where
all the people who could afford to buy the mcmansions that
have been built all over were working. Now we know, those
folks couldn’t afford 600thousand homes after all. But I
guess the rest of us will have to make up the difference.