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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 10:40 am to
Posted by OGtigerfan87
North La
Member since Feb 2019
3421 posts
Posted on 10/18/23 at 10:40 am to
Yes in “flyover states”. Not everybody gets to live in a major city/coastal area and never have. The entitlement to think 90% of the country isn’t good enough for you because it doesn’t have a Starbucks or pickle all
Court lol
Posted by GeauxTigers123
Member since Feb 2007
1385 posts
Posted on 10/18/23 at 10:43 am to
It’s hard for college graduates to find jobs in some dying town in the middle of nowhere.
Posted by dcrews
Houston, TX
Member since Feb 2011
30223 posts
Posted on 10/18/23 at 10:44 am to
quote:

because it doesn’t have a Starbucks


There it is, called it
Posted by BluegrassBelle
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
99294 posts
Posted on 10/18/23 at 10:45 am to
quote:

Yes in “flyover states”. Not everybody gets to live in a major city/coastal area and never have. The entitlement to think 90% of the country isn’t good enough for you because it doesn’t have a Starbucks or pickle all Court lol


That doesn’t mean it’s significantly cheaper when you add up travel and commute for a job that is likely outside of that area. Especially with the cost of gas and automobiles today.

Shelbyville is about 40 minutes from downtown Louisville without traffic. That increases to over an hour in traffic on 64 (add about 15 more minutes if you don’t take 64).

This what you’re getting under $200k there. And it’s barely under.

With the median household income in Kentucky at around $55k, they’re likely not working jobs making enough to sustain a decent life (we’re not talking extravagant) just to have a decent home outside of the city.
Posted by fareplay
Member since Nov 2012
4949 posts
Posted on 10/18/23 at 10:46 am to
I grew up in a town of 11k people and saw the 08 recession wipe out all the businesses. Those towns are almost dead now.
Posted by VADawg
Wherever
Member since Nov 2011
45093 posts
Posted on 10/18/23 at 11:04 am to
quote:

Yes in “flyover states”. Not everybody gets to live in a major city/coastal area and never have. The entitlement to think 90% of the country isn’t good enough for you because it doesn’t have a Starbucks or pickle all


The problem here is that you think it's an entitlement issue when the real reason why younger college grads want to move to cities is because that's where the jobs are.
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