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hfojvt

(37,573 posts)

1. that is much lower than I thought

Reply to FLPanhandle (Original post)

Thu Mar 3, 2016, 06:58 PM

Mar 2016

Of course there are other options. After all, HALF of all homes are selling for LESS than the median price.

Also, I note that the traditional formula was a house is affordable if it is 2.5 times your salary. The numbers shown here for NYC is 4.73 times the salary. Similar numbers seem to apply for others. Just eyeballing Miami I see that 28/6 is greater than 4.

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Here's the salary you have to earn to buy a home in 19 major US cities [View all] FLPanhandle Mar 2016 OP

that is much lower than I thought hfojvt Mar 2016 #1

These seem a little high. EmperorHasNoClothes Mar 2016 #2

You would have e a hell of a time leftyladyfrommo Mar 2016 #3

or a car, or food FLPanhandle Mar 2016 #4

Cost of living in those towns is really high. leftyladyfrommo Mar 2016 #6

As determined by a site that sells mortgages. progressoid Mar 2016 #5

New York? That price means a shoebox nt flamingdem Mar 2016 #7

Wouldn't buy much in San Francisco either leftyladyfrommo Mar 2016 #8

I paid $35.000 for my house back in the day, yortsed snacilbuper Mar 2016 #9

T_T abelenkpe Mar 2016 #14

These are all stupid nichomachus Mar 2016 #10

Exactly abelenkpe Mar 2016 #13

I can't afford any of those places on my own. alarimer Mar 2016 #11

Los Angeles abelenkpe Mar 2016 #12