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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 10:41 am to
Posted by H2O Tiger
Delta Sky Club
Member since May 2021
6637 posts
Posted on 10/18/23 at 10:41 am to
quote:

You can’t find a $300k home in a major metro area where the jobs are



I'm in Austin which has been one of the most expensive real estate markets in the past few years and you can still get single family homes for $300k in neighboring Buda, 20 minutes from downtown.

Not every house needs granite countertops, stainless steel appliances and smart home hubs.
Posted by Crawdaddy
Slidell. The jewel of Louisiana
Member since Sep 2006
18424 posts
Posted on 10/18/23 at 10:42 am to
Houses under 200k on the NS



Again, everyone wants the latest and greatest from the start
Posted by Buryl
Member since Sep 2016
834 posts
Posted on 10/19/23 at 7:39 am to
quote:

I'm in Austin which has been one of the most expensive real estate markets in the past few years and you can still get single family homes for $300k in neighboring Buda, 20 minutes from downtown.

Not every house needs granite countertops, stainless steel appliances and smart home hubs.



Buda is 45 minutes from downtown with traffic, not 20 minutes. And the is ONE single family home in Buda under 300k. It's 3br/1ba, 900 square feet, and it's a dump. There are other single families outside of town around 300k, but you are commuting 2 hours/day if you work in Austin.

Why is it so hard for boomers to admit that things are tough right now?
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