re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home

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Maybe you should move then.

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Cool, I'll go from making 130k in NC to making 70k in N Arkansas, that will fix the problem.

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No one will ever be that fortunate again

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I guess my point is that houses have NEVER been affordable to a young single person starting their career. My wife and I’s first house in Charlotte in the 90’s was a 45 min commute, about 1,800 sq ft and we were both making damn near 6 figures. This was in the 90’s and it was still a stretch.

This mindset that every individual should be able to afford a nice house is a relatively new thing. I don’t know anyone that ran out a bought a house early in their career/life.

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I guess my point is that houses have NEVER been affordable to a young single person starting their career. My wife and I’s first house in Charlotte in the 90’s was a 45 min commute, about 1,800 sq ft and we were both making damn near 6 figures. This was in the 90’s and it was still a stretch.

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Eh, my parents bought a home in the late 80s in Shreveport on a combined salary of less than 70k when my dad was a resident at LSU-S and my mom had a low paying 9-5. When dad went into practice in 1990, we moved, mom stopped working, and he was able to put both my sister and I into private school and buy a 3000 square foot home in a nice Memphis suburb (Germantown) for $175k on an $80k salary. It was a lot easier for young people to buy homes in the 90s.

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My wife and I’s first house in Charlotte in the 90’s was a 45 min commute, about 1,800 sq ft and we were both making damn near 6 figures. This was in the 90’s and it was still a stretch.

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How old were yall and how much did yall make? Is "damn near close to 6 figures" 90k each? 80k each?

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the problem is they are going to be in a bad part of town. its ashamed that we let criminals run wild.

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The staggering cost of subsidizing or merely tolerating ghetto culture is rarely discussed. “But my neighborhood is nice so who cares about crime” is so shortsighted.

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Cool, I'll go from making 130k in NC to making 70k in N Arkansas, that will fix the problem.

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You're telling me that you make $130,000 a year as a single man and can't figure out how to buy a decent house?

"what's the daily commute to a decent job?"

Whatever it takes to find affordable housing.

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I guess my point is that houses have NEVER been affordable to a young single person starting their career.

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Ok, that's fine.

There is a generation that was able to do it on one income. Did Dad have to bust his arse? Sure. But it was possible.

Now it's hard for TWO people working full time with no kids. That is a gigantic difference.

That would depend on where you live.

In Fayetteville Arkansas, I just did a search on Realtor.com with an upper price limit of $175K

There are 6 listings
https://www.realtor.com/realestateandhomes-search/Fayetteville_AR/type-single-family-home,condo,townhome,mfd-mobile-home,multi-family-home/price-na-175000

Including this fixer upper for $145k
https://www.realtor.com/realestateandhomes-detail/13397-Bill-Sellers-Rd_Fayetteville_AR_72704_M84579-96834?from=srp-list-card

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So you were making the equivalent to 300k a year and

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Fareplay can't afford his house on 300k a year apparently.

Also conveniently left the chat.