Anyone who goes by “the minimum salary required” to buy a home should NOT be buying that home.
Detroit- $19.95...but if you call within the next 10 minutes...
Buy a house in Cleveland?I’d love to hear the reasoning behind that bad idea.
here in limosine liberal and....
The average price for Marin Cuunty single-family, re-sale homes in January reached its second highest level ever. The record high is $1,511,190 and last month the average price was $1,483,851
ATLANTA:
You’d have to earn at least $24,391 to buy an average home.
Average home price: $142,400
Monthly mortgage payment: $569.12
This is a joke, right?
Notice how they don’t specify the property Tax which in many cases can be as much as the mortgage payment.
Luckily, there are jobs here that pay that much and more:
http://www.indeed.com/jobs?l=75221&rq=1&fromage=last
http://www.indeed.com/jobs?q=&l=76208
New York City for instance, you could buy a home in Queens, Brooklyn or the Bronx on $66k a year but if you want to live in a leafy NYC suburb like Greenwich, CT; Tarrytown, NY or Ramsey, NJ - think again. You'd be better off moving to San Francisco.
Good heavens! A $344K house in Seattle on a salary of $59K? I’m sorry, but no. I nearly went under buying a $130K condo at that salary. Managed it, but it wasn’t easy. I would gently suggest that their methodology needs to consider other costs, notably taxes, transportation, and other general costs of living such as childcare. Because unless you’re a single individual rattling around in a $344K house, you’ve got other expenses.
Now, lets modify the study and leave out the ghetto and the areas of the metro area that are overrun with illegals, that have destroyed property values. Then, you can tell me what the average price is and how much a person needs.