1110101010101@reddthat.com to Cool Guides@lemmy.caEnglish · 1 year agoSalary Needed To Buy a Home In The USreddthat.comimagemessage-square31fedilinkarrow-up1219arrow-down15cross-posted to: personalfinance
arrow-up1214arrow-down1imageSalary Needed To Buy a Home In The USreddthat.com1110101010101@reddthat.com to Cool Guides@lemmy.caEnglish · 1 year agomessage-square31fedilinkcross-posted to: personalfinance
minus-squarejanus2@lemmy.sdf.orglinkfedilinkEnglisharrow-up4·1 year agoIt’s possible they’re including buyable apartments as well as single family houses but 180k still sounds WAY too low for LA
minus-squarebitspleaselinkfedilinkEnglisharrow-up5·1 year agoYeah that could be it, or maybe they’re doing the math as literally “is your monthly take home less than the cost of the monthly payments”. In which case I could see 180 qualifying, but that isn’t how any sane person would define affordability lol
minus-squarerckclmbr@lemm.eelinkfedilinkEnglisharrow-up3·1 year agoSame with San Jose. 1.6m will get you a 1bd apartment. A 3-4 bd house will run you at least 2.5m
It’s possible they’re including buyable apartments as well as single family houses but 180k still sounds WAY too low for LA
Yeah that could be it, or maybe they’re doing the math as literally “is your monthly take home less than the cost of the monthly payments”. In which case I could see 180 qualifying, but that isn’t how any sane person would define affordability lol
Same with San Jose. 1.6m will get you a 1bd apartment. A 3-4 bd house will run you at least 2.5m