Income Needed To Buy a House (to the moon)

Like health insurance it is unsustainable.

i feel really really bad for anyone trying to buy a house right now w/ a combination of massive price increases and spiking interest rates.

we are very fortunate to not have a mortgage and a house that costs much more than i could ever afford on my salary.

i mean this in all sincerity that i feel fortunate to have a roof over my head right now. we made a couple of good real estate moves that if we hadn't, we would be hunkered down w/ that 2% mortgage interest rate and hoping inflation didn't reach a point where we had to do something w/ that mortgage.

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i feel really really bad for anyone trying to buy a house right now w/ a combination of massive price increases and spiking interest rates. we are very fortunate to not have a mortgage and a house that costs much more than i could ever afford on my salary. i mean this in all sincerity that i feel fortunate to have a roof over my head right now. we made a couple of good real estate moves that if we hadn't, we would be hunkered down w/ that 2% mortgage interest rate and hoping inflation didn't reach a point where we had to do something w/ that
mortgage.

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Location location location.

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i feel really really bad for anyone trying to buy a house right now w/ a combination of massive price increases and spiking interest rates.

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I've heard from some friends who are title attorneys that if you wait out some sellers a little longer, you can get houses for a lot cheaper right now than a year ago. You can always refinance down the road once rates go back down, but you will save a lot on the purchase price.

Get 2 jobs you lazy SOBs

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I've heard from some friends who are title attorneys that if you wait out some sellers a little longer, you can get houses for a lot cheaper right now than a year ago. You can always refinance down the road once rates go back down, but you will save a lot on the purchase price.

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the supply here is up DRAMATICALLY from earlier this year. night and day. when we were looking there was literally nothing staying on the market longer than a couple hours if it was a desirable property.

This is the plan.

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I've heard from some friends who are title attorneys that if you wait out some sellers a little longer, you can get houses for a lot cheaper right now than a year ago. You can always refinance down the road once rates go back down, but you will save a lot on the purchase price.

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Depends where you are. I suspect a lot of higher income residents are driving up costs in lower housing markets at a rapid pace. Seems like there's still a reliable bidding war over anything in the mid-range here in Alabama.

It still blows my mind that the median household income in my area is $50k. How tf do people survive?

America seems to like this based on how they vote.