Ninja Tea Room

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The average entry-level home in the US has soared to a record $243K and experts say first-time buyers are being smoked by a 'one-two punch' (finance.yahoo.com)

submitted 1 year ago by [email protected] to c/[email protected]

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This means that a first-time homebuyer needs to earn an annual salary of around $64,500 — which is over $10,000 higher than the average wage of Americans aged 25-34 — and up 13% from $57,222 a year ago.

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[–] [email protected] 2 points 1 year ago (2 children)

I wish you could buy a house for that price in germany

[–] [email protected] 1 points 1 year ago

I wonder how the average price can be so low. My entry-level house was more than that, and I bought it ten years ago at the end of the Great Recession, when houses had just finished losing a ton of value.

[–] [email protected] 1 points 1 year ago

Canada feels this too. $243k might get you a 1 bedroom condo in a small town.