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

submitted 11 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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[-] glimse@lemmy.world 7 points 11 months ago

I've been on redfin every day for the past year and there are no houses within an hour radius of me that are under 250k except dilapidated knockdowns. Then everything 250-350k needs 50-100k in work. It sucks ass.

this post was submitted on 17 Jan 2024

66 points (90.2% liked)

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