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

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I have bad news for you. I went from 70k to 300k in span of 8 years and the cost of living still outpaced me. If it wasn’t for my wife I wouldn’t be able to afford my home.

If your kid makes 100k now , by the time he saves up 200k, houses will go up another 50%

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You are spot on. My wife and I are approaching 60. Our household income puts us in the top 5% in the US. Our take home Salari every month is almost 130% of my sons annual income before taxes. If someone had told me when I was 21 that I would have the income I have today at 58 I would have thought they were insane and I would have wondered which island in the Bahamas I would have bought already. As it is we lead a pretty frugal life style and are probably 6 months out of one us losing our salary before we got into serious financial trouble. We save a lot for retirement but we also spend a fortune just living.