Current Events > In 22 states you need a six figure income to afford a home

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Monolith1676
04/07/24 3:32:44 PM
#1:


https://www.kcra.com/article/six-figure-income-to-afford-home-in-these-states/60353907#

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Monolith1676
04/07/24 4:43:08 PM
#2:


Bump

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#3
Post #3 was unavailable or deleted.
[deleted]
04/07/24 5:04:02 PM
#10:


[deleted]
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Monolith1676
04/07/24 7:02:39 PM
#4:


[LFAQs-redacted-quote]


Just sad that in almost half the country people are screwed when it comes to owning a home.

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RetuenOfDevsman
04/07/24 7:07:23 PM
#5:


I wonder how they define being able to afford a home. Is it one of those things where you're forbidden from paying more than X% of your income on housing? And what is the lower cutoff of what counts as a house? I've seen plenty of houses for sale in the five digit range, if you're ok with them being tiny, old or having major issues. Does a prefab/modular house count?

Oh hold on, I just noticed you said "home" instead of "house." You really need six figures to buy a single-wide?

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TheSuperSilver
04/07/24 7:07:33 PM
#6:


Just glad we bought when we did.

I've seen plenty of houses for sale in the five digit range, if you're ok with them being tiny, old or having major issues.
The issue is that it'll cost you the total amount the house is worth to fix all that up - ain't nobody got time for that. There's a reason why homes like that are cheap.

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When it is obvious that the goals cannot be reached, don't adjust the goals, adjust the action steps. - Confucius
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lilORANG
04/07/24 7:10:53 PM
#7:


If you don't have money, marry someone who does. Simple

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VampireCoyote
04/07/24 7:11:58 PM
#8:


capitalism only works when most people are basically slaves almost

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RetuenOfDevsman
04/07/24 7:11:59 PM
#9:


TheSuperSilver posted...
Just glad we bought when we did.

The issue is that it'll cost you the total amount the house is worth to fix all that up - ain't nobody got time for that. There's a reason why homes like that are cheap.
A lot of people live in them the way they are.

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Monolith1676
04/08/24 12:14:12 AM
#11:


RetuenOfDevsman posted...
I wonder how they define being able to afford a home. Is it one of those things where you're forbidden from paying more than X% of your income on housing? And what is the lower cutoff of what counts as a house? I've seen plenty of houses for sale in the five digit range, if you're ok with them being tiny, old or having major issues. Does a prefab/modular house count?

Oh hold on, I just noticed you said "home" instead of "house." You really need six figures to buy a single-wide?

Homes = Houses

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Complete_Idi0t
04/08/24 12:23:49 AM
#12:


Is that including the numbers after the decimal point?
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LeoRavus
04/08/24 12:52:28 AM
#13:


That's for the median priced homes that lower middle class could never afford anyway.

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tripleh213
04/08/24 7:26:07 AM
#14:


Going to take forever to get a house

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Thanatos_the_Great
04/08/24 7:52:16 AM
#15:


This image that went viral in the early days of covid remains as relevant as ever: https://pbs.twimg.com/media/EXxKmpHXsAEwcbk.jpg

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tremain07
04/08/24 7:55:18 AM
#16:


The plan to make this a nation of renters is chugging along

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