When I see people complaining about never being able to purchase a house my response is always the same. move.
$1,100 is considered "well below market rates" for a 1 bedroom apartment in NYC? That's _nuts_ to me.
I'm paying $1,600 for a 3 bed, 2 bath 1800 sq ft house with a 2 car garage. Vaulted ceilings, my neighbor is a police officer and I'm on a corner lot across from a park. fire department is literally 3 blocks away. IOW, I pay more because of the neighborhood.
Granted, I live in a LCOL area, but that's kind of the point. If you feel you don't have the buying power, move. Hell, I know a woman who has a mortgage that she pays off of a fixed income and a bit of side work (600/month I think? in that ballpark) and she's buying more house than that.
$1,100 is considered "well below market rates" for a 1 bedroom apartment in NYC? That's _nuts_ to me.
I'm paying $1,600 for a 3 bed, 2 bath 1800 sq ft house with a 2 car garage. Vaulted ceilings, my neighbor is a police officer and I'm on a corner lot across from a park. fire department is literally 3 blocks away. IOW, I pay more because of the neighborhood.
Granted, I live in a LCOL area, but that's kind of the point. If you feel you don't have the buying power, move. Hell, I know a woman who has a mortgage that she pays off of a fixed income and a bit of side work (600/month I think? in that ballpark) and she's buying more house than that.