Saturday, September 6, 2008

Affordable Housing Exists, If You Know Where to Look

"Stacy Williams owns a three-bedroom house with a full basement and central air-conditioning in a quiet neighborhood on the upper west side of Youngstown, Ohio.

Williams, now 33, was earning $8.05 an hour as a manager at McDonald's when she moved into the house with her husband, a laborer at a construction equipment manufacturer, and son back in 2004.  The couple's combined annual salary was $33,000.  But the purchase didn't require much of a financial stretch: The house cost $48,000.  'If you have the credit score to do it, there's nothing that can stop you from buying a home in Youngstown,' said Williams, whose plans for the house include a second bathroom."

Read more about this story at Aralake Chronicles.

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