☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 6 months agoAmericans must earn roughly $106,500 to comfortably afford a typical home, a significant increase from the $59,000 annual household income that put homeownership within reach for families in 2020.www.cbsnews.comexternal-linkmessage-square27fedilinkarrow-up11arrow-down11
arrow-up10arrow-down1external-linkAmericans must earn roughly $106,500 to comfortably afford a typical home, a significant increase from the $59,000 annual household income that put homeownership within reach for families in 2020.www.cbsnews.com☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 6 months agomessage-square27fedilink
minus-squarebobs_monkey@lemm.eelinkfedilinkarrow-up0·6 months agoAnd if you live in California, good luck. $106k/yr ain’t buying a home here.
minus-squareoctopus_ink@lemmy.mllinkfedilinkEnglisharrow-up0·6 months agoI think there are MANY places it’s not buying a typical home. IANARealEstateExpert but I would bet there are specific areas of the country with a very depressed housing market that are bringing the average down by a bit.
minus-square4am@lemm.eelinkfedilinkarrow-up0·6 months agoOr almost anywhere in New England that’s not overrun with meth and violence. And, even then sometimes…
And if you live in California, good luck. $106k/yr ain’t buying a home here.
I think there are MANY places it’s not buying a typical home. IANARealEstateExpert but I would bet there are specific areas of the country with a very depressed housing market that are bringing the average down by a bit.
Or almost anywhere in New England that’s not overrun with meth and violence. And, even then sometimes…