re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home

quote:

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gets you this 1400 sq "House" which is fine for a starter to build some equity but I doubt it's going to gain any value

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Got to start somewhere. Fix it up and put a little sweat equity in there. Then sell it as you upgrade.

I do agree that there's a shortage of affordable housing where we most need it though. That's partially because we didn't build enough of it in the last 15 years.