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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 10:35 am to
Posted by Crawdaddy
Slidell. The jewel of Louisiana
Member since Sep 2006
18424 posts
Posted on 10/18/23 at 10:35 am to
quote:

My parents bought a home bigger then mine for 110k back in 1986. In a nice neighborhood with a golf course, a river, tennis courts, and a baseball field.

Wish we had opportunities like that these days.


That is $308,912.32 in todays dollar
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35583 posts
Posted on 10/18/23 at 10:51 am to
quote:

That is $308,912.32 in todays dollar


That’s dirt cheap for what he described.
Posted by lsupride87
Member since Dec 2007
96175 posts
Posted on 10/18/23 at 12:51 pm to
quote:

That is $308,912.32 in todays dollar
not many golf course country club homes for 300k these days
This post was edited on 10/18/23 at 12:51 pm
Posted by StringedInstruments
Member since Oct 2013
18501 posts
Posted on 10/18/23 at 12:59 pm to
quote:

That is $308,912.32 in todays dollar


You’re a moron. You really think home values have matched inflation?
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