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re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home
Posted on 10/19/23 at 6:14 am to Jimbojambojumbo
Posted on 10/19/23 at 6:14 am to Jimbojambojumbo
Yeah it’s a scary thought but good for you. That’s how it should be 
LINK
quote:
Median home prices have increased at four times the rate of household incomes since 1960, leading to imbalanced price-to-income ratios in most major metropolitan areas. Nationwide rents have increased at twice the rate of household incomes since 1960, making saving for a down payment increasingly difficult.
LINK
1
Posted on 10/19/23 at 7:27 am to GeorgeReymond
This is the problem. Or a giant chunk of it.
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