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EmperorHasNoClothes

(4,797 posts)

2. These seem a little high.

Reply to FLPanhandle (Original post)

Thu Mar 3, 2016, 07:08 PM

Mar 2016

To have 30 or 35% of your gross salary go to a mortgage (not even including property taxes or PMI) is probably not sustainable for most people. These numbers were from a mortgage association, which likely explains why they are skewed high.

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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