Story excerpt provided by Forbes.
Written by Erin Carlyle.
In 2005, at the height of the housing bubble, Michael Kaufmann and his wife, the performer Liz Janes, watched as the 800-square-foot house across the street from their San Diego rental home sold for $750,000. It backed up to a major freeway and had virtually no backyard. The couple, then both 29 years old and with a 1-year-old son, were looking for a house of their own. They felt totally deflated.
“For us to be artists and do the things we want to do, we didn’t want to sell our life away by being tied to that type of mortgage,” says Kaufmann. “We couldn’t afford that type of mortgage.”
Click here to read the complete article.
Originally published May 31, 2016.