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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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[–] 3 points 2 years ago

So....where did all the small and cheap homes go? We're bot complaining because we can't afford mcmansions, we're complaining because nothing's affordable. Even the 1 br condos are $300k and have a $400 monthly HOA fee

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