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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 10:34 am to
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 10/18/23 at 10:34 am to
quote:

You can move to rural areas, small towns and even medium size cities and it would literally take half of these salaries to own a house.


And then work where?

That's the problem.
Posted by BluegrassBelle
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
99349 posts
Posted on 10/18/23 at 10:36 am to
quote:

And then work where? That's the problem.


And hope you have a reliable car/truck that you’ve taken care of otherwise you’re paying $20k+ to find something that will survive the commute for your “city job”.
This post was edited on 10/18/23 at 10:38 am
Posted by Swagga
504
Member since Dec 2009
16209 posts
Posted on 10/18/23 at 5:27 pm to
quote:

And then work where? That's the problem.



This is a website that thinks the majority of Americans should just pack up their shite, move out of cities, and live off the grid in Montana.

Sounds great, doesn’t work. Another poster was correct earlier, if you can fix crime in cities you can help alleviate a lot of housing pressure. Tall task, but making areas that are already built inhabitable to the average citizen is the way to go.
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