Where our money comes from remains a mystery for most people. The answer would be much simpler if everyone conducted their transactions in cold hard cash. But we can start by applying the law of supply and demand.
Bringing Down the House (Price)
A decade ago, the typical Texas home value was about $181,000. Today, it’s ballooned to around $302,000. As home prices increase so too does the barrier to entry get higher. A recent study estimates it would take 7 years for a median-income Texas household to save up for a 20% down payment. But you don’t...