Wednesday, May 17, 2017

It's not the Avocado Toast

Here's a great article from today's L.A. Times.  It is titled "Why you can't afford a house (Hint: it's not the avocado toast)." The title should link.  The premise: some experts say that you can't afford a home because you are spending too much on life's little luxuries, such as lattes and avocado toast, and you're not saving enough.  

Not true, say the three experts interviewed for the article.  First time home buyers are as financially cautious as any other generation, and to say otherwise is, well, kinda moralizing.

And by the way, the article also cites a statistic that shows that California is the least affordable state for first time home buyers.

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