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re: House = (x)household income

Posted on 8/10/15 at 9:58 pm to
Posted by dragginass
Member since Jan 2013
2776 posts
Posted on 8/10/15 at 9:58 pm to
quote:

I agree with most of what you said. However, I am having a hard time wrapping my head around people being able to afford living so close to downtown Denver on less than 10% take home.


Hell 10% is crazy in south LA, and our housing is cheap. Your average 100thousandaire brings home 6K or less a month. 10% of that will barely get you a sketchy apartment or a 2br fixer upper in the hood.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75320 posts
Posted on 8/10/15 at 10:03 pm to
80k/year and 1700-1900 mortgage per month is ok. Anyone with a 2,000 mortgage should be making no less than 100k.
Posted by BioBobcat
Boston
Member since Feb 2013
626 posts
Posted on 8/10/15 at 10:10 pm to
I am glad I am not the only one who is perplexed. My best guess is that these people have put down insane down payments, live in the ghetto, or are full of ______.
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