@1110101010101@reddthat.com to Cool Guides@lemmy.caEnglish • 9 months agoSalary Needed To Buy a Home In The USreddthat.comimagemessage-square31fedilinkarrow-up1224arrow-down16cross-posted to: personalfinance@lemmy.ml
arrow-up1218arrow-down1imageSalary Needed To Buy a Home In The USreddthat.com@1110101010101@reddthat.com to Cool Guides@lemmy.caEnglish • 9 months agomessage-square31fedilinkcross-posted to: personalfinance@lemmy.ml
minus-squarejanus2linkEnglish5•9 months agoIt’s possible they’re including buyable apartments as well as single family houses but 180k still sounds WAY too low for LA
minus-square@bitsplease@lemmy.mllinkfedilinkEnglish5•9 months agoYeah that could be it, or maybe they’re doing the math as literally “is your monthly take home less than the cost of the monthly payments”. In which case I could see 180 qualifying, but that isn’t how any sane person would define affordability lol
minus-square@rckclmbr@lemm.eelinkfedilinkEnglish3•9 months agoSame with San Jose. 1.6m will get you a 1bd apartment. A 3-4 bd house will run you at least 2.5m
It’s possible they’re including buyable apartments as well as single family houses but 180k still sounds WAY too low for LA
Yeah that could be it, or maybe they’re doing the math as literally “is your monthly take home less than the cost of the monthly payments”. In which case I could see 180 qualifying, but that isn’t how any sane person would define affordability lol
Same with San Jose. 1.6m will get you a 1bd apartment. A 3-4 bd house will run you at least 2.5m