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submitted 11 months ago by Blaze@lemmy.zip to c/personalfinance@lemmy.ml

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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[-] Kit@lemmy.blahaj.zone 23 points 11 months ago

Challenge accepted. I ran a Zillow search with your criteria and prices range from $260k for a fixer upper to $390k for a recent renovation. I'm in a major city, but it's one of the most affordable in the US. You must be in the suburbs to be seeing those prices. Also bear in mind that the "Zestimate" has no bearing on reality - you need to look at homes that are actually up for sale.

this post was submitted on 17 Jan 2024
66 points (90.2% liked)

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