I’m sorry but this can’t be correct. I live within 30 minutes of two minor cities with plenty to do and me and my wife combined make around 100k. We live comfortably and have 50k in the bank in addition to retirement. We also have one kid. This is highly dependent on where you live. I am not saying the cost of housing,etc is not a problem but some of these numbers need to be put in context.
$140k per year is enough to afford a mortgage on a $500k house. You’d have to make crazy money to buy a house outright on a year’s salary, so nobody evaluates it that way.
the amount you need to make in order to afford the ever-fleeting american dream is about $140k right now. so I want 280k
I’m sorry but this can’t be correct. I live within 30 minutes of two minor cities with plenty to do and me and my wife combined make around 100k. We live comfortably and have 50k in the bank in addition to retirement. We also have one kid. This is highly dependent on where you live. I am not saying the cost of housing,etc is not a problem but some of these numbers need to be put in context.
When did you purchase your housing (rough year range) if you don’t mind?
That sounds awesome, but I live in low CoL area make more and feel like I’m just eaking by sometimes.
$140k won’t buy you a house in almost any even remotely popular city or its suburbs.
$140k per year is enough to afford a mortgage on a $500k house. You’d have to make crazy money to buy a house outright on a year’s salary, so nobody evaluates it that way.
Is 500k a house to raise a family in or just a place to stay in?
In Boston, where I live? $500k is an unheated garage.
San Diego checking in. $500k is a shack in someone’s backyard. Fuck I love it here but damn sometimes I really don’t.
ok ok I exaggerate a little. But everything is crazy expensive here. Nice weather and beaches though. Get to surf every week. Can’t complain.
$500k houses don’t exist in popular cities.
That’s why I live way the hell out in the suburbs
Genuinely curious, where does that number come from?