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re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home
Posted on 10/18/23 at 10:22 am to stout
Posted on 10/18/23 at 10:22 am to stout
Yeah but some of that 50% increase is made up for by the fact we save 16 cents per year on our Fourth of July BBQ.
It will only take 361,334 years to make up that $57,813 increase.
It will only take 361,334 years to make up that $57,813 increase.
1
Posted on 10/18/23 at 11:30 am to msutiger
quote:
Yeah but some of that 50% increase is made up for by the fact we save 16 cents per year on our Fourth of July BBQ.
It will only take 361,334 years to make up that $57,813 increase.
I agree with the sentiment, but a 50% increase to 115k means the starting number was at 76k, meaning an increase of 39k since pre pandemic, not 57k. We'll call it 3 years, so an average of 13k per year increase. 15k increase year over year for 2023 is only slightly above average for the trailing 3 years.
a 57k increase from 57k would be a 100% increase, which would be MUCH more worrisome
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