Affordable Housing

Affordable housing depends on many factors. One of the factors is having a good job. By a good job, I mean one that pays a reasonable living wage. Another factor in affordable housing is geographic location.

When I write about affordable housing, I’m talking about housing for people who are finished with high school. These are adults. If people are under 18 years old, they are probably living with their parents or guardians. Not every job required a college degree. Actually, I would argue that most jobs do not require a college degree. Given this, housing should be affordable to those with only a high school diploma.

No, I’m not saying that everyone should be able to afford a mansion. However, I am saying that everyone should be able to have a mortgage and own. After all, home-ownership is part of the American dream. However, certain geographic locations make that very difficult.

Three of the most expensive areas are New York City, parts of California, and Northern Virginia. In these areas, rent and mortgages are very high priced. As a matter of fact, these places have homes which are prices three times the national average! This is good news and bad news. The good news is that the jobs in these areas tend to pay more money. This means that, if a person is saving for retirement, they will likely have a bit more retirement money. When the person is ready to return, they can simply move to a low price area to afford a much larger home.

Most of the country has homes in the $200,000 price range. This should be affordable to the person who has been out of high school for a few years. They have a few years of experience and hopefully have saved up some money. Then, they can begin to live parts of the American dream.

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