“Not many people come out of college making 80k+, and 411k in SD is a townhome/condo generally. Also, the assumption of 10% down and using an ARM… didn’t they used to use 20% down and a 30 year? no wonder why we’re where we are now.”
Not many single people coming out of college think about buying a house right away, homebuyers are typically young couples. Two incomes easily add up to 80k even straight out of college. And 411k in SD is this
