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.

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 8 months ago

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.

papertowels@lemmy.one · 8 months ago

Do you remember trump pressuring the fed (already not usually done) to keep interest rates close to 0 BEFORE covid hit?

And then we hit covid, when it actually would’ve been nice to be able to lower interest to spark the economy and wouldn’t you know, it was already too low.

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.

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.

Here's how much money you need to make to afford a home