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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 10:45 am to PrecedentedTimes
Posted on 10/18/23 at 10:45 am to PrecedentedTimes
And you might be a middle of nowhere land level home owner. The myth that in boomer times there where zero connection to where you could afford to buy and income level is simply that, a myth.
This post was edited on 10/18/23 at 10:47 am
1
Posted on 10/18/23 at 10:51 am to OGtigerfan87
quote:
The myth that in boomer times there where zero connection to where you could afford to buy and income level is simply that, a myth.
My parents built a 2,600 sqft home in Addison, TX in 1989 for 180k. That same house is 750k now.
And don’t respond with “muh anecdote” this is hardly an unusual example of what has happened in this country.
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