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Jan 15, 2021
2:42:30pm
Eddie Intervention Needed
Me too. I'll admit, I mostly worry for my kids. But I worry for EVERYONE.
My home is worth 2.5 times what it was when we bought it. My single daughter is living in a rental in the Sugarhouse area of SLC with a roommate and her current rent is the same as my monthly mortgage and escrow for insurance and taxes.

I remember YEARS ago my uncle telling me that his mortgage payment was around $350 a year, as he laughed. At the time, I was paying the same in rent. Now I'm seeing it with my own kids. I suppose at some point (I hope) they'll be able to get into something and begin accumulating equity and stabilize their housing costs. But it is crazy to me. I often wonder what I'd do if I was starting out trying to support a family. (Of course - most of the time I'm looking at what my income at the time was and what current expenses are. Hopefully I'd be earning more starting out now than I did then. ;))
Eddie
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Eddie
Joined
Dec 12, 2002
Last login
Apr 27, 2024
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