cross-posted from: https://lemmy.ml/post/10623652
TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.
cross-posted from: https://lemmy.ml/post/10623652
TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.
The only thing around me that’s less than 100k are parking spots…
It’s weird, I didn’t say I found those prices in your town. In MY town a 60s palace is ~ 100k and a middle class home as described by the author is 400k
My point is that what is called a middle class home has slid way the fuck up market since the salad days of the 1960s.
You said they’re small and cheap. Small is right, but the household income needed to afford the fixer upper is nearly twice the average household income in my city.
So if everybody moved to your town for the low price of homes what do you think would happen to the prices?