The 'old American Dream died,' Realtor details salary needed to buy a home, afford a middle class life in 2024 (finance.yahoo.com)

submitted 10 months ago by Blaze@lemmy.zip 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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[-] Boinkage@lemmy.world 12 points 10 months ago

These homes in my area are around $250 -$300k. Is it possible... You live in a relatively inexpensive place compared to the rest of the country? But that would mean... What is true for your immediate area and personal experience isn't true for the entire country... No, that can't be right, that would mean that one person in a small inexpensive town isn't the arbiter of real estate truth in this country.

this post was submitted on 17 Jan 2024

65 points (90.1% liked)

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