this post was submitted on 18 Oct 2023
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At current interest rates, 5% down, and an 800 credit score, you're monthly piti is still like 2,700. Assuming you make that 92k/yr, and are traded at 22%, you're monthly take home is 5900. That's 45 percent of your monthly income. "Affordability" is for dinner heavy lifting here
required salary for fucking 30 years
The sadistic choice of the US:
Barely scrape by in "luxury cities" where non-millionaires are an afterthought. But at least you'll have an easier time meeting fellow "undesirables".
Have slightly more money that will mostly just go to paying for a car to traverse car-dependent hell...but you have to have vapid neo-nazis for neighbors.
Hey are you like 15?
They should have also included some rural areas' home buying prices for perspective against the absurd cost of living in a large city.
Here's my data to add to the list: bought my house last decade in a rural area, while I was making about $45000 annually, mortgage cost per month is literally off the chart at under $800/mo.
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