jbluhm86 Posted November 24, 2022 Report Share Posted November 24, 2022 Money.com: You Now Need to Earn Six Figures to Afford the Typical Home in the U.S. "To afford the $2,682 monthly mortgage payment on a typically priced U.S. home, the real estate brokerage Redfin finds that a prospective homebuyer needs to earn at least $107,281 a year. Redfin considers a mortgage payment to be affordable if it accounts for 30% or less of a homebuyer’s annual income. That $107,000 threshold represents a jump of more than 45% from last year, when a homebuyer only needed to earn $73,668 to afford a typically priced home". Quote Link to comment Share on other sites More sharing options...
DieHardBrownsFan1 Posted November 24, 2022 Report Share Posted November 24, 2022 Thanks Biden. 1 Quote Link to comment Share on other sites More sharing options...
Axe Posted November 27, 2022 Report Share Posted November 27, 2022 1 Quote Link to comment Share on other sites More sharing options...
Browns149 Posted November 27, 2022 Report Share Posted November 27, 2022 Where are these “typical” houses that cost that much? They sure are not where I live Quote Link to comment Share on other sites More sharing options...
Canton Dawg Posted November 27, 2022 Report Share Posted November 27, 2022 14 minutes ago, Browns149 said: Where are these “typical” houses that cost that much? They sure are not where I live “Typical” meaning California, New York, Hawaii. They don’t count the Midwest. Quote Link to comment Share on other sites More sharing options...
Browns149 Posted November 27, 2022 Report Share Posted November 27, 2022 16 minutes ago, Canton Dawg said: “Typical” meaning California, New York, Hawaii. They don’t count the Midwest. 3 places I don’t want to live 2 Quote Link to comment Share on other sites More sharing options...
DieHardBrownsFan1 Posted November 27, 2022 Report Share Posted November 27, 2022 Housing prices are dropping due to high interest rates. Quote Link to comment Share on other sites More sharing options...
jbluhm86 Posted November 27, 2022 Author Report Share Posted November 27, 2022 6 hours ago, Browns149 said: Where are these “typical” houses that cost that much? They sure are not where I live 6 hours ago, Canton Dawg said: “Typical” meaning California, New York, Hawaii. They don’t count the Midwest. Average House Price by State in 2022 Quote Link to comment Share on other sites More sharing options...
Browns149 Posted November 27, 2022 Report Share Posted November 27, 2022 50 minutes ago, jbluhm86 said: Average House Price by State in 2022 Good thing I bought both my houses in WV. Plus it was before all this. Also, I paid cash for them, so the interest rate isn’t a concern of mine Quote Link to comment Share on other sites More sharing options...
Canton Dawg Posted November 28, 2022 Report Share Posted November 28, 2022 3 hours ago, jbluhm86 said: Average House Price by State in 2022 Ohio is a bargain compared to some of the other states. Quote Link to comment Share on other sites More sharing options...
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