I make over $200k and have over a mil in assets and yet I can’t afford a house better than the one I bought in 2011. Must need to work harder.
Wait, you bought a house in 2011 and want another one? Times have changed and you have to change if you want to buying something larger in the same area I guess.
Yet you still have a brand new Mazda CX 30 and a 2019 pick up? Add to that you have a place to call home. I suspect not living too bad either. If you want more, yeah, I guess you have to move or do something different 200k isnt what it used to be in your area because people are paying more for the homes.
(just discussing because here is the flip side on how well it worked out for a young family in CO)
A family member moved from CO a year ago (ish) Moved there from another good position in CA some years earlier for a new job that a headhunter enticed him with. Bought a nice (modest home) for around 550 to 650 (forgot) Sold in one weekend 100k over the asking price for 1.2 million.
So I guess you can say CO worked out well for them. Im only mentioning this because we tend to complain but the people paying these prices are the new money who make more than you. Anyway, again, headhunter found him again, now a CEO of a company in another state and bought another million dollar home nicer than the last. Rather large family wife doesnt need to work and has time to follow her dream/passion in trying to improve the health of the people in this country while still raising 4 kids.
Im not in anyway being argumentative, It is what it is and sometimes reality is not pleasant. The market has spoke and the prices are what people can and are willing to pay. SO if you cant pay it, you have been passed by what you thought was good.
(for others who think college is expensive) There is always a way other than complain. We are a fairly large family, meaning kids and siblings. All doing ok to very well. No one complaining, no one got hand outs, they made it happen. The person I speak of here had some struggles when leaving the military (and where he got his technical training) but wow, determination and he made it happen, so big, that he is constantly being sought after. Im talking about a true success story.
Supply and demand works, (for careers too) best system in the world, being a free individual to use the fruits of your labor with as little government interference as possible. (hope this makes sense and not argumentative. Got up late this morning and still drinking my coffee)