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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 11:33 am to SquatchDawg
Posted on 10/18/23 at 11:33 am to SquatchDawg
quote:
Or are we still on this “I’m single, 25 with my first job so I should be able to afford a house” kick?
No one will ever be that fortunate again. Boomers had the world handed to them on a silver platter and still have the gall to look down on younger generations.
1
Posted on 10/18/23 at 12:01 pm to EarlyCuyler3
quote:
No one will ever be that fortunate again
I guess my point is that houses have NEVER been affordable to a young single person starting their career. My wife and I’s first house in Charlotte in the 90’s was a 45 min commute, about 1,800 sq ft and we were both making damn near 6 figures. This was in the 90’s and it was still a stretch.
This mindset that every individual should be able to afford a nice house is a relatively new thing. I don’t know anyone that ran out a bought a house early in their career/life.
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