haxor@derp.fooMB to Hacker News@derp.fooEnglish · 11 months agoAmericans Must Earn $114,000 a Year to Afford a Typical Homewww.bloomberg.comexternal-linkmessage-square23fedilinkarrow-up1104arrow-down14file-text
arrow-up1100arrow-down1external-linkAmericans Must Earn $114,000 a Year to Afford a Typical Homewww.bloomberg.comhaxor@derp.fooMB to Hacker News@derp.fooEnglish · 11 months agomessage-square23fedilinkfile-text
minus-squareCheers@sh.itjust.workslinkfedilinkEnglisharrow-up7·11 months agoWho determines “afford”. Avg house is $400k, including rural America. 7% mortgage rates right now is basically 28k per year to interest. 115k means you lose about 35% to taxes. 74k take home means about half your annual just goes to interest. Afford isn’t the right word here.
Who determines “afford”. Avg house is $400k, including rural America. 7% mortgage rates right now is basically 28k per year to interest.
115k means you lose about 35% to taxes. 74k take home means about half your annual just goes to interest. Afford isn’t the right word here.