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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 10:26 am to MikeyWM97
Posted on 10/18/23 at 10:26 am to MikeyWM97
quote:
Exactly, I see it all the time. These kids want the same house their parents live in, but have no idea the years of work it took to get there.
Anything under about $200k here in Louisville is going to be in a high crime area. For instance, Longfield (not far from Churchill Downs) has long been considered the most dangerous street in Louisville. This house there is $122,000.
It shouldn’t be an unreasonable expectation for a family to live in an area of town where it’s at least moderately safe. You’re spending at least $250 to $300 to be able to do that. And most young families are not going to be able to afford that.
This post was edited on 10/18/23 at 10:30 am
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