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re: The average US house now requires a salary of $106k-a-year - $50k more than in 2020
Posted on 3/5/24 at 4:37 pm to Thecoz
Posted on 3/5/24 at 4:37 pm to Thecoz
quote:
1982..petroleum engineer… made 30500.a year… my wife did not work and stayed home to take care of our first child… So family of three …one income.. house cost 72k…interest rates in low teens. Made my own coffee at home… Still do:)
That $30500 is equivalent to $97,500 today. The house would $230k.
Don’t you see the problem there hoss?
Posted on 3/5/24 at 5:10 pm to Dairy Sanders
That $30500 is equivalent to $97,500 today. The house would $230k.
Yeah?.. my house cost about 2.4 times my yearly salary.. if that salary is now 97k…well 2.4 is about 235k…but our interest rates were in the low teens…and that was during the 80 oil boom when house in places like Lafayette and midland were ridiculous..
fwiw Zillow values that 1350 square foot house as 170 k now..
Yeah?.. my house cost about 2.4 times my yearly salary.. if that salary is now 97k…well 2.4 is about 235k…but our interest rates were in the low teens…and that was during the 80 oil boom when house in places like Lafayette and midland were ridiculous..
fwiw Zillow values that 1350 square foot house as 170 k now..
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