Quote:
Originally Posted by JamCan
For now its booming....hence the problems regular people like me are having. The average purchase price of a single family home is about $450,000. 3 years ago that same house would have sold for about $180,000. The average rental rate of that house right now is $1500-$1800/month. Its forcing people to live with other people because no one (except the rich oil and construction people) can afford it.
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Sounds like London, UK
Average price for 3 bed house is $600,000 at todays exchange rate. That means a person had to find $60,000 JUST FOR THE DEPOSIT.
