Homebuying options remain slim for middle-income earners
By Tim Henderson, Stateline.org
Like many moderate-income workers, public school teachers Julia and Scott Whitnall didn’t think they’d become homeowners in their early 30s. Especially in California.
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“We never felt homeownership was in our cards. But we did it!” Julia Whitnall said. “We’re extremely happy.”
The couple moved May 16 to a $509,000 two-bedroom house in Ripon, east of San Francisco in the Central Valley region.
It wasn’t easy. Despite a relatively high combined income of $140,000 from their nearby jobs, they had to compromise on size and take on extra work at summer camps to pull it off. Then they had to exercise patience as the sellers struggled to find a new home.