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The 'old American Dream died,' Realtor details salary needed to buy a home, afford a middle class life in 2024 (finance.yahoo.com)
submitted 2 years ago by to c/personalfinance@lemmy.ml
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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.

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[–] 12 points 2 years ago

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.

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