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Americans must earn roughly $106,500 to comfortably afford a typical home, a significant increase from the $59,000 annual household income that put homeownership within reach for families in 2020. (www.cbsnews.com)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 6 points 8 months ago (2 children)

And if you live in California, good luck. $106k/yr ain't buying a home here.

[–] [email protected] 6 points 8 months ago

I think there are MANY places it's not buying a typical home. IANARealEstateExpert but I would bet there are specific areas of the country with a very depressed housing market that are bringing the average down by a bit.

[–] [email protected] 2 points 8 months ago

Or almost anywhere in New England that’s not overrun with meth and violence. And, even then sometimes…