This is How Much House You Can Get On a $60K Salary

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The average salary in the U.S. is $60,000 a year. Can one afford a house on this salary? Knowing how much house you can afford based on your $60,000 salary is not only crucial for your personal finances but also for your overall financial well-being. Don't miss out on this valuable knowledge that can save you from potential financial burdens and guide you towards a secure future. Watch the full video now to discover the truth behind house affordability with a $60,000 salary!
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9 сен 2024

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Комментарии : 605

@HodgeChris Месяц назад

I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.

@NoorJari406 Месяц назад

it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.

@Justinmeyer1000 Месяц назад

well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.

@KaurKhangura Месяц назад

Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.

@brucemichelle5689. Месяц назад

this is all new to me, where do I find a fiduciary, can you recommend any?

@KaurKhangura Месяц назад

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@dawnhughes9942 3 месяца назад

I am self employed low income. No bank will ever approve me in my adult lifetime. I bought a county foreclosure for $18k and will be spending the next several years restoring it as we go, dollar by dollar. It's rough living but improving gradually. If you can DIY and are very handy, I think this is one of the only paths left.

@phattorangecatto 3 месяца назад

That is exactly what I did, except it was for $50,000.

@TJ-pt8ei 3 месяца назад

I didn’t know people still did that. I wonder what it’s like in a hot market like North Texas

@bartsullivan4866 3 месяца назад

Congrats to you Dawn its not easy being financially disciplined, I am also low income very little debt no car payments literally drive my vehicle until the engine parts fall off and it totally dies well above 200,000 plus miles. Coming from the opposite end of a divorce with half my paycheck garnished no way in the hell would a bank approve me for a big loan either and be able to afford to live. Even with a large downpayment. Hope you are doing awesome in your home.

@freshtendrills5969 3 месяца назад

A friend of mine and his wife did this years ago. The only issue is school districts if you have kids... Schools are usually not good where you can find foreclosures.

@lalodaniels1388 3 месяца назад

Where did you end up buying?

@brazibeatz5187 7 месяцев назад

60k can’t afford a 1500 mortgage but 1700 rent is affordable

@Gravesyte 6 месяцев назад

Crazy world we live in now where you're that much when it could be really for your own home

@brazibeatz5187 5 месяцев назад

@@lostintranslation57 my rent is actually 1900 now and does not include utilities……

@frandavis1990 4 месяца назад

@@brazibeatz5187same, mines is 1950 smh

@TheRealTommyBear33 4 месяца назад

every time

@ahhshytson 4 месяца назад

@@brazibeatz5187 but when shit breaks it's on the landlord not you. Rent is the most you'll pay a month but a motrgage is the least you'll pay a month.

@brettk9316 3 месяца назад

Rule #1 don't HOA ever!

@johnroberts3824 3 месяца назад

For sure. I moved to Arizona, and they're everywhere. I was careful to avoid them. They're horrible. All kinds of authoritarian rules, and there's always an a-hole resident that'll cruise the neighborhood turning in violators.

@gregoryunderwood4121 3 месяца назад

Amen!

@caspianblue4141 2 месяца назад

I couldn't agree more!!

@Kreations4KidsbyK 16 часов назад

Our HOA is fantastic and very helpful. We have wonderful amenities and great community.

@Floratic 3 месяца назад

My county has a first-time homebuyers program. However, based on my income I'm considered to rich to apply for it. But, I'm still to poor to buy a house. Sucks for the people stuck in the middle who aren't rich enough and aren't poor enough. It's like a twisted cycle.

@WheresWaldo05 3 месяца назад

Based on the income limit amounts for the program, you can 100% afford a home. You just suck at life is all and have too many other expenses.

@bartsullivan4866 3 месяца назад

It truly is unless you have a massive downpayment to afford the home and still live and buy groceries and pay bills.

@Floratic 3 месяца назад

@WheresWaldo05 Strong words for someone who one doesn't know where I live or what the income level is for the program is. Second, don't project your insecurities at me. Just because you failed at life doesn't mean the rest of us have. 🙂

@Floratic 3 месяца назад

@@bartsullivan4866 yeah. No one wants to be house poor.

@Aj.1987. 3 месяца назад

@WheresWaldo05 based on your situational awareness around you and logical thinking, of course, you must suck at a couple things. Life just being one of them. Who knows what you actually suck on, although i do have a good idea 💡 🤣 🤣 🤣 🤣 nobody likes a keyboard gangster "waldo" 🤣 😂

@Aj.1987. 3 месяца назад

I've been pushed out of everyones great economy. I make 37k a yr and work at amazon. I do not make 60k. It's ABSOLUTELY crazy for anyone to think ANY of this sustainable. I don't have debt. Or car payment. I have 780 credit and no wife and kids. Just got an old car and monthly bills. I break my back for 40hrs. Still able to bite my lip with my back going out. Life is great! The American dream! I'm delivering smiles and that's ALL that matters.

@lawrenceneil1 3 месяца назад

I work at Amazon too I make about 45k a year but getting very close to maxing out my income as a regular associate and once that happens I can see life drastically changing and not for the better. Thankfully I been saving up cash and investing most of it for the last two years

@tonystarks8883 3 месяца назад

Me and wife make around 37k each and we are doing a lot of the work to build a house ourselves this year. If i had not had a lot of help i still would not have managed. It is much more difficult today than 5 years ago..

@robertomorales8751 3 месяца назад

@@lawrenceneil1same but im yet to max out i am a T3 tom driver and average 22.2$ per hour but at my peak i max out at 24.6$ so 51,168 a year without VET. So i guess we will see how it goes. Im thinking of leaving by next year to another local driving company.

@argonianaccount1876 3 месяца назад

I appreciate what you do, you’re the reason why I don’t have to visit various other stores to meet my needs. I am like you: work, home, bed. Almost every day. You matter to me. Thank you, very much, from the bottom of my heart!

@lawrenceneil1 3 месяца назад

@@robertomorales8751 i thought about going Tom team but I’m scared to drive those massive trucks even though the money would be great too have

@freshtendrills5969 3 месяца назад

So glad my wife and myself bought in 2020.. I literally feel like we won the lottery. 1% APR. Under 1k a month for a house that's now worth 100k more than what we're paying for it. It's ridiculous.

@bigcahuna42366 3 месяца назад

My total monthly house payment is only 16% of my gross income, but that doesn't mean I'm going to buy a nicer home. It's a three bedroom ranch in a nice suburban neighborhood. It isn't too big nor too fancy, but it fits my budget very well so I can actually enjoy life without being financially constrained.

@deedee495 11 месяцев назад

FYI …I live in Brick, NJ…that’s Maple Leaf gardens. The Highest Crime area here, shootings, stabbings etc….it’s cheap for a reason. I wouldn’t live there if the condo was free! Very important to check the area and neighborhoods! Not a safe place to live.

@JackieBaker 11 месяцев назад

Thanks! I have family that live in Monmouth County. I was under the impression that Brick was decent.

@benjamindover5355 10 месяцев назад

These figures are great IF you didn’t live in Jersey. My property taxes just went up $1200 in one shot for “school funding”

@fartoplata308 8 месяцев назад

Thanks for clarifying. I grew up in Wall and was wondering why so many of those condos were being listed. Market’s been ruined down here, too much money came in past 10 years.

@mowtivatedmechanic1172 6 месяцев назад

@@JackieBakerI landed it Monmouth. Nice area. I stayed at the beach down range though.

@katharinedominguez 3 месяца назад

I was going to bring this up!! You have to look at school districts and crime also… if you have children or hope to have them in the future. Unfortunately, cheaper housing often times does not do so great in those other two areas.

@shannondavis5728 6 месяцев назад

“Gross Income” isn’t the same as “Net Income”!!!!….so $60K annually is actually much less.

@JackieBaker 6 месяцев назад

Thanks for pointing that out🙄

@failingatfashion 4 месяца назад

She literally says that in the video. Lol

@sleepychris3095 3 месяца назад

🤣🤣🤣

@donniemoder1466 3 месяца назад

Social Security is America's saving plan.

@WheresWaldo05 3 месяца назад

Every bases income off of gross income. This should not need to be pointed out. Your per hour wages at work are gross hourly earnings/rates. Not net earnings/rates. Example: you make $20 per hour is gross. Duh.

@iomis2001 3 месяца назад

I got a 10k first time home buyers grant and found a home for 85k. With the FHA loan I didn't have to put any money down and my mortgage is $711 per month. Two years ago.

@AdoraMishlei 3 месяца назад

Mobile/ manufactured homes have come a long way and are looking like a more affordable housing option than renting or buying a standard home.

@shannonmay7927 3 месяца назад

That’s what I’m looking for. You can find a lot of really good deals on land. And a modular home is cheap.

@Floratic 3 месяца назад

If you own the land, it's better. I know someone who lives in a manufactured home community and she pays $500 a month for use of the lot. So it's pretty much an HOA without it being called one.

@fazdoll 3 месяца назад

The problem with manufactured homes is that they've been "discovered," so to speak. Once everybody wants to live in a mobile home, then the prices will go up to where you're paying too much for a lower-quality structure. And big corporations have "discovered" mobile home parks too. They are buying up the parks and jacking the lot rent. The corporation knows that the residents now have a little more money than in past decades, and won't object to paying the higher rent. Instant profit for them.

@calivalley9056 3 месяца назад

Resale is horrible and insurance can be an issue depending on type of build.

@beastbee0118 3 месяца назад

Our single wide mobile home was $50k brand new in 2020@@fazdoll

@beastbee0118 3 месяца назад

Good thing i live in Alabama! Our mortgage is $48k, 2019 single wide mobile home on private, secluded land and our mortgage is $430/mo, downside is that you have to travel 40 miles for fun since we live in the sticks. I make $48k and my wife makes about the same

@lucianaromulus1408 3 месяца назад

My only fear with a mobile home is no basement or not having a storm shelter. I personally would save up for one.

@beastbee0118 3 месяца назад

@@lucianaromulus1408 eastern Alabama doesn't get as many tornadoes

@lucianaromulus1408 3 месяца назад

@beastbee0118 still freaks me out personally. I'm from PA and even I want a basement/storm shelter if I ever have the money to own a home lol

@Marynicole830 3 месяца назад

I was looking into this, I live in an area where, 5 years ago you could get a 45k double wide, 4 bedroom, 2 bath, mud room, a living room plus den and dining area without land. I have the land. But now the same double wide is 150k. Before delivery and setup.

@jasonleatherwood2172 3 месяца назад

In east tennessee a single wide on its own half acre lot is 200k and thats about 1800$ a month its crazy

@alexcruz2398 9 месяцев назад

Either the market needs a huge shift downward, or the rule of thumb needs to be adjusted up. You can't even rent in Cali at 28%. More like 30-33% to rent, 35-45% to buy.

@Katadori09 6 месяцев назад

I think the rule would imply that you need to move out of California

@crazyoncoffee 3 месяца назад

@@Katadori09I’m at 34% renting. We don’t want to move, thank you very much. I grew up here, I want to stay here. Owning a home for a middle class family should be realistic across the whole country. It’s sad so many people give up and resort to moving.

@Katadori09 3 месяца назад

@@crazyoncoffee I agree that it’s sad. But it’s also just math. It’s either affordable or not, for a particular income level.

@Ryan-wx1bi 3 месяца назад

Don't worry, they will correct it with inflation. Hope you have assets instead of cash

@michaeldavis9940 3 месяца назад

She's right actually. Just went through the process

@michaellewis4632 4 месяца назад

The American dream is broken and gone

@kipkipper-lg9vl 24 дня назад

It never existed lmao

@flea4061 4 месяца назад

You probably shouldn't buy a house on 60k. That is not enough income to to actually take care of a property.

@TheeRighteousOnee 3 месяца назад

Whats your income? It's hard to get to 70-100k in this job market.

@eb.4492 3 месяца назад

But with this (and I’m genuinely asking) when do you buy? Making 100k is not easy and takes people years. This is not ok 😫

@SayaddinaBeneGesserit 3 месяца назад

LMFAOOOO! This is the dumbest comment on YT. Congratulations you sound slow as molasses. So MOST of Americans should just….rent perpetually!!? I know a LOT of ppl who make under 50k who eventually bought homes. Renting is asinine. Please never breed.

@aurograce2983 3 месяца назад

I make good money in my area and I did the math. I would have 2,100 per month after taxes. That means x .28 is 588 dollars. X .36 is 756 dollars. My one bed one bath apartment with no garage was 700 a month in a rural city in Iowa. Then utilities usually cost 60 so 760 for a one bed one bath and living alone. I don't live above my means. I paid off my car and work a full time government job.

@aurograce2983 3 месяца назад

So by your numbers I can never afford a house...

@beorbeorian150 3 месяца назад

Everyone should learn how to use excel. Know your budget. Only way is to crunch the numbers. Excel is great at organizing expenses and income. Put a plan together. Don’t run from the numbers.

@fp5495 3 месяца назад

You get a kick out of crunching numbers. Most people don't live by the a decimal point because it shouldn't be THAT hard to earn a living and live modestly. If that were the case, then population and growth would have never moved at the pace it has in the past century. The fact is, the formula of the past no longer works, and the center is no longer holding. People need to face the fact that they are living in a point in history that just is in flux and just isn't that good, and may get worse. The Dark Ages, the Fall of Rome, the Great Depression; there were millions of people who got caught in parts of history that just plain sucked. We need to lower our expectations even lower than we already have and make do with it. Maybe it will get better, maybe it won't.

@nogames8982 3 месяца назад

I live in Eastern Washington state. In a medium sized town. My house is 690 ft.², two bedroom one bath in a mediocre neighborhood. I bought it in 2001 for $67,000. I could sell it tomorrow for $210,000. That is absolutely insane. I have done a lot of improvements to it over the years but still… The prices are ridiculous. thank God I bought it when I did because I could sure not afford it now. And I cannot afford the rent in this town either. so my starter home is also going to be my finishing home :-) I hope to live here till the day I die.

@journeytree 3 месяца назад

That is insane. 690 ft² isn't a house, that's a shed.

@nogames8982 3 месяца назад

@@journeytree it’s actually a great little house. For a single person or a couple it’s good. Any more than that it would be tiny, but it works for me. and I am debt free.

@WheresWaldo05 3 месяца назад

Thats 23 years old. Not really that insane. Difference of 143k. I bought my home in 2015 for 185k. It vould sell it for 300k bare minimum based on other equivelant homes selling. 115k difference in. 8 years only. Now the funny thing is if i want an equivelant home i wiuld just be bhying another 300k-ish home so would really be making any money. Just moving it around. So the whole selling amd buying different thing is not what it is cracked up to be. Unless you sell in a peak market then wait to buy once their is a housing market crash and are staying at your parents so you can profit on those earnings. But most people dont do this. Do they. No they dont. Not to mention you would be garnering double the size in interest rates. Which is far far far worse.

@bartsullivan4866 3 месяца назад

Also in Western Washington state it is nuts we really need another crash to reset the damn market. A simple ranch style home is $425,000 in Vancouver WA Ludacris Speed GOOOO!!!!!!

@tiffanyhwang1738 3 месяца назад

How is that insane? I have a relative who lives in CA and bought a home for $600k in 2011 and now is worth over 2 millions.

@jeangreen432 4 месяца назад

HOAs are about $200-$350/mo, property taxes 1-2% of purchase price 1.5% x $200K home = $3000/12 = $250/mo. Insurance depends on which state/county. approx $100-300/mo.

@Floratic 3 месяца назад

HOA prices depend on the state as well. In Florida their are reports of HOA's charging $700+ a month. I just watched a video where in Tampa a condominium told the residents they need to cough up $22,000 by June because the reserve fund didn't have enough money to meet the new state law on HOAs.

@nogames8982 3 месяца назад

HOA’s is our evil. Try to avoid them at all costs.

@jeangreen432 3 месяца назад

@@Floratic You are absolutely right. My hope in posting was to share the various other expenses that seemed to be missing in the video to help first time buyers check into these additional monthly costs. I was blindsided by a 2nd HOA that no one brought to my attention. Had I even known about HOAs I wouldn't have purchased. I appreciate your input to help others see that special assessments may also occur, ouch.

@aolvaar8792 3 месяца назад

@@Floratic An HOA, I was looking at, ALL gas, water, sewer lines, and pavement are HOA owned

@donniemoder1466 3 месяца назад

Job instability is an issue.

@scottgrohs5940 3 месяца назад

My wife and I make close to $150k a year combined and where we live - and have grown up - observing the 36/28 rule wouldn’t even qualify us for a condo, let alone the single family house we want.

@andrositee 4 месяца назад

CA resident here. The only houses worth 200k are 200 miles away from LA. Also, houses in gang rideen cities of compton are nearing 400k but they come with some amenities...of getting shot or robbed at your front door. Time for all of us to move to a southern state in the middle of nowhere

@coya8coy175 4 месяца назад

I was reading today how someone had a home worth nearly 1 million in a crime ridden area… It just blows my mind how different home prices are in the US. Neighborhoods like that where I live have homes from 50k - 70k!

@FoodNerds 4 месяца назад

Come to Texas.

@solclouds 3 месяца назад

Yeah I can only afford something in Bakersfield 💀

@car2029 3 месяца назад

@@FoodNerds Please just not San Antonio our Aquifer is already strained, infrastructure is a mess tons of construction. Try another part of Texas. ✌🏼👌

@FoodNerds 3 месяца назад

@@car2029 Oh I agree! I say go to Dallas or El Paso. Houston is WAY TOO BIG as it is. In a hundred years College will be North Houston. 😂Q: Do you all get water from the river or is the aquifer supplied by underground water? Or a mix of both?

@tnpineknot 4 месяца назад

This is why a lot of people are moving south. I bought a 3 bdr/2b house with an attached garage and 1/2 acre in Tennessee for 150,000. My mortgage is 880 dollars a month. I did buy it in 2020 right before housing prices skyrocketed though. Middle Tennessee is growing fast but that is also bringing home prices up.

@The_Non-One 4 месяца назад

And that’s why a lot of Tennesseans can no longer afford to buy a house. People in places like California sell their average $700,000 house, move here, and now they can easily outbid any of us, where $350,000 was once considered a great house. We got really got the short end of the stick, and now I’m seeing a lot of Tennesseans with genuine hatred for these out of staters. The sad thing is, the new immigrants are pretty cool people, but I can see the simmering resentment. Even though I feel it, though I try not to. Five years ago, I could have bought a nice house with the income I have. But I now? I’ll have to move far from the city, from work, if I even want a chance.

@divermike8943 4 месяца назад

It is unfortunately inevitable. People used to live where there were jobs, period. But now boomers are moving were there is affordable living and don't care if there are jobs. Retirees will move somewhere if the area is safe and affordable ( which is a relative thing) if were they are is not affordable in retirement. It is demographics and economics. Understand most "Californians" were from somewhere else before they went there for a job. Born & raised Californians generally don't leave the state. The weather elsewhere is often too much for them. But even some of them are leaving because they must. It not just Californians doing this. Most major cities and suburbs are a struggle for retirees. And now there are so many of them. Boomers ruin everything. I am one but at the tail end of it. Worst place to be is in the wake of the baby boomers.

@failingatfashion 4 месяца назад

I'm a TN local and tons of people moving to Middle Tennessee definitely drove some of us out. Even in smaller towns, we are starting to feel the strain. It's frustrating for sure, especially with income not increasing at the same rate as rentals and home prices.

@tnpineknot 4 месяца назад

Very true. I had to find a house 1hr 15min from where I work because it wasn't affordable in that area. I work a little outside of Nashville and the prices are insane in that area. But the small towns still have some affordable places. Its just a trade off I guess 😢

@revilsdr 3 месяца назад

it's getting very difficult to even find a home for 150K in the United States anymore unless it's needs tons of work and government backed loans (fha/Va)will not lend on homes that needs alot of reno. It was possible before 2019 but very difficult to find now and because the interest rates are still sitting above 6.5% with excellent credit profiles even a home that's 150k with taxes and insurance won't be affordable for most people unless you can put a lot down.

@CG-uk1vz 11 месяцев назад

Another good calculator is one that includes taxes and insurance. If you get a high insurance quote, this can also throw off the loan.

@JackieBaker 11 месяцев назад

Very true

@Reelunique 3 месяца назад

This is inaccurate because when they say the average salary they’re assuming married couples are combining incomes. So really the true average salary is about 30K a year. Not everyone is married and single people would love to buy smaller houses but they’re either not available or counties make it increasingly difficult to build them.

@WheresWaldo05 3 месяца назад

People working at gas stations make more than 30k per year. What are you on? Starting at mcdonalds is $15 an hour last i saw. 15×40= $600 $600 × 52 weeks in a year = $31,200 Unless you are in highschool or college, no one is making that little of money. Basically anyone around northern minnesota that is truly adulting is making 50k per year minimum with a legit type of job. I just made 86k working at a steel mill. 3 days on 3 days off work rotation. So i dont even work 50% of the days in a year if you factor in vacation days. Life is easy even in this economy.

@Reelunique 3 месяца назад

@@WheresWaldo05Im a Flight Attendant and make less than 30k a year hun. That’s the problem with society always assuming people aren’t struggling.

@midwestron8576 6 месяцев назад

In 1979, I lived in a studio apartment. I made 25K a year, but in two years, I saved $10K, which was 20% down on my 49K house. If you multiply these numbers by 2.4, you'll realize that things have not changed that much. Plenty of fixer uppers out there for 117K. My interest rate was 12.5% on a 30 year mortgage.

@Luckoftheirish1 4 месяца назад

No fixer uppers where I live in-southern NH for 117k. My mother-in-law just sold her 900 sqft home built in 1962 , with the original bath and kitchen and 1970’s vinyl flooring for $330,000! It’s on a hill with very little land but the new owners plan on remodeling it over time and feel like they got a great deal! Trailers in trailer parks sell for $200,000 on up around here. You must live in the boondocks.

@Schneider-J 3 месяца назад

The average salary is NOT $60G. That's a common misconception! Median household income is actually based on the combined earnings of all individuals living in a household. A household is defined as all individuals who live together and share income and expenses. This can include married couples, single parents with children, roommates, and extended family members. In the United States, the median household income is calculated by the U.S. Census Bureau and is based on data from the Annual Social and Economic Supplement (ASEC) of the Current Population Survey (CPS). The CPS surveys a sample of households and collects data on their income, demographics, and other characteristics. The median household income is then calculated by ranking the households in the sample by their combined income and selecting the middle value. This value represents the income level at which half of the households in the sample have higher incomes and half have lower incomes. So, to clarify, median household income takes into account the combined earnings of all individuals in a household, not just one person's earnings.

@leepfrog7405 11 месяцев назад

About time! A vid for us poor folk 😁 👍. Thank you. I make well under 60k a year, I plan on buying a house in the next few years. Excellent credit, no debt (as long as my car holds out) and plan on a 20% down+closing. It's not easy to do but it's worth the sacrifice to save. Helps that I don't live far from the boonies but even in my area you can't get much that is decent (not fallin apart around you)under 60k. It's doable, at my price point you gotta really want it and make those sacrifices. I feel like most of us making around 60k or under a year feel like home ownership is a 50s dream we're just never going to be able to bring to life. You get some money saved and life happens, eats a chunk of that savings. It's not hopeless though it can seem like it sometimes. Just takes a bit longer to accomplish 😂

@JackieBaker 11 месяцев назад

You have the right attitude!

@mowtivatedmechanic1172 6 месяцев назад

Inflation happens to us all. Saving alone won’t work for anything anymore. And keep that car patched up.

@english7451 Месяц назад

That’s about my what I did but bought with no job.

@justinmccowan2543 3 месяца назад

$60K is big money in my eyes. The market and process of buying a house to me seems intimidating, so the key to me currently is keep living at home and saving up a large sum of money. I may be lower income, but that don't mean I can't build up my money and savings. I'm sure there may be a way to find a cheap place later on in the future.

@brianedwards9616 3 месяца назад

The only issue with trying to save up money is the longer you sit the more likely home prices will soar. I waited years trying to find my perfect house but that strategy backfired. I eventually gave in and bought the best home i could find at that time. Had a just done that a few years earlier i would be in a lot better financial shape.

@meadking4694 10 месяцев назад

I could afford a mobile home here in California, but then everyone says it’s a bad idea to buy them. So, I’m not left with much options.

@mowtivatedmechanic1172 6 месяцев назад

It’s a great buy if you own the land it sits on.

@midwestron8576 6 месяцев назад

If you're not rich, you have no business living in California, NYC, Florida, New Jersey, or the Atlanta Georgia area.

@natashadickson4819 4 месяца назад

@@midwestron8576 True. At least, not in the major cities of those states. A dual-income household may be able to do it, depending on joint income.

@fp5495 3 месяца назад

@@midwestron8576 I mean, I would put the Boston area, Connecticut, Chicago, or even the Main Line in Philly ahead of Atlanta, Georgia.

@marcelrodriguez2067 День назад

@@midwestron8576easier said than done.

@g-man2507 Месяц назад

Median is a much better measure of central tendency than average.

@mudpiemutt8305 3 месяца назад

I live in the Pacific Northwest. My husband and I were going to buy a house about 12 years ago for $110,000. We met all the criteria except for the credit score. We missed the mark by 1 point. The mortgage guy said to try again in a few years. We did. The house we were going to buy was on the market again. This time it was $350,000. The mortgage guy this time told us, "Your credit score is good this time. Now you don't make enough to live in the area." He suggested if we wanted to buy a house in the Pacific Northwest, we both needed TWO full time jobs. (And not minimum wage jobs) Ugh!

@WheresWaldo05 3 месяца назад

Your lender sux.

@jamesballard6564 3 месяца назад

Which is why I moved away. Among other reasons.

@Hal09i 2 месяца назад

Don't forget a VA loan. No down payment required, no PMI, and closing costs can be rolled in to the loan. This benefit available to all vets and active duty personnel.

@julianduron5671 3 месяца назад

6:48 $60k get you a home of $210k But where i live you make about $40k and all the houses are $250k. Im 22 years old and i will live with my parents until im 30 years old!!! Life is hard man.

@joshmonus 3 месяца назад

Don't even bother trying to get a home until you have got rid of all consumer debt first. If not, then you are massively increasing the risk of foreclosure.

@scottlavoie5405 Месяц назад

Part of the problem is a lot of people want a 4,000 sq ft home with a swimming pool, sauna, etc. rather than living within their budget. My first home was a starter home, my home now is nicer, a bit bigger - but it's no mansion. The point is, buy what you can afford.

@markdanielczyk944 3 месяца назад

Twenty-nine years ago I got a $60,000 mortgage making $8.40 an hour. Six months later I got a second job, had a heck of a time making it on one paycheck.

@andrewwhite7210 3 месяца назад

Average home price is around 450k. Average income is 60k, meaning Average person can't even come close to buying an average home. This is what 40 years of "trickle-down" economics gets you.

@kellyyork3898 3 месяца назад

Amen. I’m glad someone finally said it out loud.

@dystopia-usa 4 месяца назад

In 2024, if you aren't in a household bringing in $120K/year or more total, you are basically screwed & definitely not middle-class. For a lot of areas, even $120K/year isn't enough.

@OGtruthserum 3 месяца назад

The equivalent of my income in CA is about 220K per year (in term of home buying).

@timlemmon2332 3 месяца назад

Good information in the video. They should teach this in school.

@tfptravel.food.peace.3788 4 месяца назад

Now do $44k. That's how much I make😂 a cardboard box. Lol

@bartsullivan4866 3 месяца назад

LOL I feel ya man totally agree. Unless you have $300,000 laying around somewhere good luck getting anything in my state.

@brianedwards9616 3 месяца назад

Im a recent first time home buyer and let me tell you home ownership is a very daunting experience. There are just so many variables that come into play. So much unexpected costs. You want to take care of the home as it is likely your biggest asset. That involves maintenance including landscaping, trash removal, pest control, making sure you service the hvac systems. Appliances breaking, even small things you can easily look over like door seals it adds up! I bought a 1992 home and i have already spent 15k in repairs in the first 6 months. Windows, roof, gutters, faucet, getting a termite and pest control service. It can be overwhelming i do have my days where i wish i could just sell the home and move into a nice apartment for real.

@Aj.1987. 3 месяца назад

Wrong time to be buying a home my friend and working overtime isn't the fix to a fked up government or economy. Being a minimalist is. Don't fall into being a slave to society because you have a goal. Good luck brother! Bless!

@brianedwards9616 3 месяца назад

@@Aj.1987. I am a minimalist. I have no debt (aside from mortgage) or car payments. I spend 60 dollars a week on groceries, no eating out, no splurging. My bills is for phone, internet, and utilities, gas, car insurance. I have no kids or woman to spend on. It was a bad time to buy but sitting on the sidelines renting for years to come didnt seem like a good financial move.

@Aj.1987. 3 месяца назад

@@brianedwards9616 just consider it a hobby at this point 👉 (life)

@Britt0nYT 3 месяца назад

Over the last 3.5 years I went from renting for 1900/month to 1200 to now 900.. all homes with yards for the dogs. keep searching for opportunities to save and you will find them. I’ve been able to increase my income over these years too which helps a lot.

@cheryl6v6 4 месяца назад

It used to be that once you paid the load down to 80%, you could cancel the PMI.

@Josh102697315 4 месяца назад

You still can

@fazdoll 3 месяца назад

If you get an FHA loan, you're still on the hook for PMI for five years, even if you pay down more than 20% of the loan. At least that was the case 14 years ago when I was looking at mortgages. Luckily I had enough cash to pay 10% down and avoid FHA. 2 years into the mortgage I had paid down that other 10% and got PMI taken off.

@Josh102697315 3 месяца назад

@@fazdoll this is true. You cant cancel pmi on an fha. However alternatively you can refinance an fha into a conventional at 20 percent to cancel pmi

@paletteandeasel5167 6 месяцев назад

I picked up and left Lafayette IN where the median house price is over $200,000 and moved to Danville, IL where the median house was $77,000. I got a job making 25% more. I bought a house for 77,000 in Danville that would have been at least $150,000 in Indiana. I make more money, the area is so-so, but my rent was almost $1200 in Indiana snd now my mortgage payment is $675. It was a trade off, i couldn’t afford a house on my income of $52,000 in Indiana. I can comfortably afford my mortgage in Danville. The crime rate is high here, but it was not great in Lafayette In either. The thing is don’t like is Danville has trains that go by every hour or so and they blare their whistles and horns like there’s no tomorrow. So far, thats the worst. I grew up in Indiana and would have liked to have stayed but you got to move when an area gets too expensive. I can at least save money now and plan on paying my $61,000 mortgage off in 8 years.

@JackieBaker 6 месяцев назад

That is great!

@jeffreyerickson6766 4 месяца назад

Hats off to you for the changes you made. I grew up near a train. I got used to it and slept like a baby. I hope the same for you:)

@jamesballard6564 3 месяца назад

Luckily those two locations are close to each other. Your correct about the major difference in price. I currently live in Dayton,Oh and may have to eventually move to Richmond,In. Similar scenario. Not ideal but we do what we must.

@SlugSage 3 месяца назад

The American dream 😅

@marcelrodriguez2067 День назад

Sadly not everyone can do that. I make 85k in nyc and its not remote its also gonna be very hard for me to get another better paying job for what i do.

@TRUTHbomb2.0 Месяц назад

Where I live in Minnesota the only "home" that you can get for less than $150K is a trailer park home with no garage.

@troyb.4101 3 месяца назад

Two decades ago we purchased a home on 55 acres for 315k. It's now paid off totally. Our payments started out at like $1250, which ended up later to ne $1650. Property taxes went up, insurance tripled in twenty years. I will now go uninsured now. There is no way I'm going to pay $300 per month to insure a home. I'm on SSI now. I can grow all of my own food. I sale about twenty meat goats every year. I have unlimited water. We have medical / dental. insurance, and electric bills only Our credit score is like 820. We were never late on payments in twenty years. We do have a credit card with a zero balance..

@bethanyinshadows 3 месяца назад

Though you never included considering the cost of health insurance. Also PMI does not have to be for the life of the loan. Once 20% is paid down, there is some paperwork and the house needs to be inspected, but the PMI can come off. I did this that’s how I know.

@WheresWaldo05 3 месяца назад

Health insurance is irrelevant. You mean home owners insurance.

@Michael-ft9pm 3 месяца назад

They should multiply 0.28 by your net pay not gross pay.

@outwestexplorer1966 3 месяца назад

I guess these days if you own even a small house in decent condition and its paid for , consider yourself lucky. But ive seen some oretty decent houses still selling for around a $100,000 depending on area.

@brianedwards9616 3 месяца назад

A decent 100k home?! Even in the smallest of towns a home at the price is probably gonna need a complete rehab. I bought a 1992 brick home in small town SC for 188k and already spent 15k within the first year on repairs. Show me a move in ready 100k home i would love to see that.

@MrNathan07 4 месяца назад

The fact that it is doable even on a lesser income like $52k a year is what matters. I'm a person that uses very little debt myself maybe 1-2 credit cards but always paid off, and I won't have any type of auto loan as the vehicles I'd buy would be paid for up front in cash which in return is having very little debt or none at all except for the house with at least 20% down. Where I'm at in Gainesville Florida and nearby cities it's not impossible to do, granted they don't come up as often but they do and you can get a home in a decent area of town for $160,000-$200,000.

@car2029 3 месяца назад

What’s house insurance like in your area?

@uverpro3598 3 месяца назад

I wish we were taught finances like this in high school.

@vmobile890 3 месяца назад

Live and work in California with a family member buying a house in eastern states 1/4 the price .

@HappyTraditionalWife 3 месяца назад

We make 60k and own our home 3 bedroom, two bathroom, attached double car garage. 1600 square foot home. We pay $875 with home insurance and taxes.

@matthewdievendorf9609 3 месяца назад

PMI drops off after two years. You forgot to include VA loans. Don’t forget to include no PMI with 0 down. Sure you have your closing costs but you can roll that into the loan. You can also buy down interest rates or points.

@legoboy-ox2kx 3 месяца назад

Lol, where I live the cheapest condos are about $300,000. I'm lucky to have a cheap place to rent at the moment, but the Salt Lake Valley in Utah is ridiculous at the moment.

@benda777nba 3 месяца назад

I make 60k a year (if I work summer school) and due to pandemic actually did find a decent 2 bed/1 bath house...its not fancy but it has a huge yard w a huge shed in back so not bad eh for a 1st gen Mex American!❤

@OGtruthserum 3 месяца назад

I plan on working this summer. In the past, I spend my time off-roading/overlanding in Oregon/Washington/Utah/Colorado.

@chris2790 4 месяца назад

How many people with 60k income are in the financial situation with debt, etc. That they have money left over for 1800 payment? Not many. No breathing room at all and NOTHING can go wrong financially or you start missing payments.

@micmdaaussie 5 месяцев назад

Why do lenders use gross instead of net income? That is a HUGH flaw in the equation!

@JackieBaker 5 месяцев назад

I have no idea

@K.mit338 4 месяца назад

I always thought this too. So, for my personal finances, I never go by my gross income instead I use my net income to get a more accurate picture of where I am financially. Using my net income has kept me from making financial decisions that could ruin me later.

@mxyfn 4 месяца назад

I think it’ll be too complex to formulate what you can afford on net income as it varies widely from person to person, state to state and county to county. A good rule a thumb is to tell the lenders I want to pay X per month so how much house can I afford.

@donaldlyons17 3 месяца назад

@@mxyfn People don’t know how much they can pay based on their rent and other recent expenses?

@mxyfn 3 месяца назад

@@donaldlyons17they have to know what they are comfortable with but they also don’t have to buy a house 🤷🏾‍♀️

@duno6552 3 месяца назад

There is not a single home in the area where I live that is under 250,000. The ones that are need about 100,000 of renovations just to be move in ready.

@WheresWaldo05 3 месяца назад

You may need to commute 25 miles.

@jamesballard6564 3 месяца назад

Sometimes living in a less populated, neighboring county can make the difference.

@lonnieclemens8028 6 дней назад

I have had debt in my lifetime. I know what it's like to stress out and live from paycheck to paycheck. I am debt free now and love it. It is better to be content with your living conditions and not have excessive bills. No more mortgages or new vehicles.

@craigdvance 4 месяца назад

my net is no where near my gross. After Healthcare, vision, dental, life insurances, taxes, 401k contributions, I literally take home 55 percent of my gross. Then child support and alimony, which will morph in to college payments this year, small car payment, insurance. Medical costs not covered by insurance, which is huge! Utilities, food. Yea...........luckily I have zero debt as I decided I wouldn't do that. But if you make any mistakes in this economy, divorce, get hurt and can't work or lose insurance..... I do well and I am barely getting by, I don't know how people making 15 bucks an hour are living right now. also average pricing on a 3 bedroom in my area is around 400k, its a 'hot' area.

@LeNguyen-im8dm 3 месяца назад

I am living in San Jose, CA. I have both full job and part time job. Earn $170K/year and have zero debt, but I still don't dare to buy a house. Property tax, interest, and home repair are expensive. Renting is so much cheaper.

@johncarrol_6541 4 месяца назад

$60k gross income minus taxes, 40k etc leaves approximately $55k to begin calculating affordability. Based on my calculations and your formula the minimum NET income a person need to afford a starter home with a small monthly used car payment is net $3k per month. Our calculation depend on the State.

@marianmorgan2156 4 месяца назад

HOA fees are getting out of hand

@sfkeepay 3 месяца назад

Who nets 80% of their gross? Mine is ~62%. This is a very direct, clear and useful video. Nice job.

@carolyncuesta774 2 месяца назад

I make 64 a year as a teacher but SO much of that gets taken out for taxes and insurance the idea of 1400 a month kind of terrifies me

@missstella8398 3 месяца назад

pretty accurate - I just got my first home and make about 55k a year gross (Net is about 35k). My monthly debt without the home is about 300 with a credit score of 747. I was able to purchase a 95k house with 3% down. I borrowed on my 401k for that and the closing costs. Borrowing on the 401k does not affect credit score and you pay the interest back to yourself. Some places have programs to help poor people to cover those costs but the criteria for that is very narrow and hard to fit if you are truly poor. (Those are also set up to not be able to actually help , if you ask me)

@WheresWaldo05 3 месяца назад

A 95k house is a garbage home right now regardless which state you are located. I would never have considered a 95k home since maybe 2005. Also you just made the biggest and worst mistake of your life borrowing against your 401k. Now all that 95k cannot compound and grow rapidly. You definitely just screwed up your retirement. Some people i tell ya. I am always dumbfounded by something.

@rsuriyop 2 месяца назад

This is interesting information and gives me hope. I'm making around 60K and am seriously considering buying a 200K house that I recently saw with a realtor and would plan to put at least 20% down on it (while also borrowing from 401K). But the only thing standing in my way is my own mom who is highly concerned about me living in a house all by myself.

@WheresWaldo05 2 месяца назад

@@rsuriyop You are making two major mistakes. Getting mortgage right now with these insane interest rates. And the bigger no no is borrowing from your 401k. This is thr most ludacris strategy you could do. And will greatly affect your retirement. If you cannot afford a home, do not buy one. I bought my home in 2015 for 185k. For reference i made 86k each of the last two years. I had 85k in the bank. I put 55k down cash. And paid cash for closing costs of about 6k. I could not afford this same house today with the rates of today. Even if the price was still 185k. Plus property taxes always go up. Mine started at 2700 per year. Now it is 4900 per year. That is divided by 12 months only. And by borrowing your 401k you are going to miss out on tens of thousands of dollars of gains in your 401k that can never be recovered.

@rsuriyop 2 месяца назад

@@WheresWaldo05 Good to know - thanks. But a few things... I do not intend to retire once I hit retirement age, I appreciate working over doing nothing. I will retire when I can no longer work. Secondly, there's also social security benefits that you could dig into once you reach retirement age. And lastly, your home BECOMES an investment in and of itself. Homes are appreciating in value like crazy. If I intend to live in the same house and maintain it well, I should be able to sell it for significantly more than what I had originally purchased it for several years earlier and live in a cheap apartment in my old age.

@WheresWaldo05 2 месяца назад

@@rsuriyop 1. Social security is not guaranteed. I am operating as if i will never get it. If i do, i will have planned accordingly that i do not need it so it will just be a bonus. But to plan to expect it, would be a major mistep in your planning. 2. Yes i understand homes can be investments. Hence equity. But home market values eb and flow constantly, you cannot assume you will be able to sell it for more in the future. The sooner you learn not to assume certain things, the better off you will be. From what i have seen, and sure it could change, but rents are just as expensive, if not more expensive than mortgages. Depending on location. Just seems like you are makimg a bunch of naive assumptions on the state of the future. Things you cannot possibly know. Most people i talk to that operate like this, end up in financial ruin. And i end up saying "i told you so."

@TheTowShow512 6 месяцев назад

I’m sorry lady but I’m not agreed with you. 60K don’t buy you nothing in U.S in 24. Very sad reality for hardworking people. As real state agent you should give people the hold picture even if your principal and interest is 1400 you still have to add taxes insurance and HOA( if needed) I can tell you that payment right of is more than 2K monthly.

@JackieBaker 6 месяцев назад

Did you watch the video?

@TheTowShow512 6 месяцев назад

@@JackieBaker I did. And you look for a condo for 175k based on what “you” calculated the payment was going to be and you did talk about the HOA payment. But I think you have to find out what the taxes , insurance and HOA are gonna be and include all that in the payment. Bottom line is that you said that it is posible to buy if you earn 60K a year but to me that’s not true you can not buy, except if you live in a very small town like Dothan Al. Otherwise you have to make at least 100K to be able to safely afford buying in 2024.

@everythingexplicit5788 3 месяца назад

It's funny when she said 800 not alot of money left over when I just started having around that much a month leftover and most of it goes to paying my credit card debt

@MelywoodMedia 3 месяца назад

Back in the day when my Boomer and GenX friends bought houses we all had either a roommate or spouse when we started out. I could never have afforded my home without roommates. Later I made so much money after renovating and selling the historic home, I became debt free and paid cash for a smaller home in a luxury gated community. It's always been hard for all generations. It was hardest of all for the American settlers.

@divermike8943 4 месяца назад

I pay off my credit card balance in full every month. Is that part of the "dept" payment? I don't think so but asking. I pay for just about everything with CCs. Groceries, auto insurance, all bills that will accept a CC. But since I pay that off each month and do not pay interest on it I don't consider that debt. Car payments yes. Car payments are debt.

@TheJimmy144 4 месяца назад

My boss was having a lunch with me and some coworkers and he brought up how he was reading that people need to make $120k a year to afford a home in our area...we all look at him like when's the part where it clicks that he pays us $70k and that why's we laugh when he asks when we're gonna look to buy a home.

@car2029 3 месяца назад

😂😂😂 my youngest daughter said the same thing her management make way more money & can’t relate to us worker bees.

@warlordop713 3 месяца назад

If you can’t buy a condo or home on 70k a year then you’re doing something wrong. Invest and save. Let money make itself.

@car2029 3 месяца назад

@@warlordop713 I’m just asking out of curiosity exactly what r u supposed to invest in???

@barnabascollins4625 4 месяца назад

You get a shack in NJ for under $300k

@bjreeves-kempf6940 4 месяца назад

FHA will go up to 45% and or 50% debt if the borrower has reserves. Also MI on FHA if you put 10% down will allow MI to be removed by the lender upon request after 10 years.

@scottishdude9682 3 месяца назад

It’s based on LTV not time.

@rebeccadirks5385 3 месяца назад

Remember HOA’s May have to raise their fees due to inflation or unseen repairs and expenses. If you cannot keep up with the HOA fees they can force you out quickly and you may lose a lot!

@crazyoncoffee 3 месяца назад

I’m 24 and make $70,000 plus a yearly bonus of between $5,000 and $10,000. I live in San Francisco. Right now, I can make my monthly expenses without struggling too much, but am having trouble paying down any debt and considering taking a second job. When I look around at the homes I would want to buy, they’re all between $1.5-2.5 million. Not sure how I will ever be able to afford that even if I reach $100k in the next few years I don’t want to pick up and leave to the south or Midwest. I grew up here, I want to own a home here.

@FracturedReality777 6 месяцев назад

5:30 Thought current FHA rules stated that a 10% or more down payment allows the mortgage insurance to disappear after 11 years.

@JackieBaker 6 месяцев назад

I'm not aware of that one. Have to check with my lender.

@bartsullivan4866 3 месяца назад

In Washington state here you can't even get an outhouse for $154,425 in this state yeah good luck with that.

@Frugal_fitchic 3 месяца назад

I am seriously considering living in my van for the next 8 years so I will have enough saved for retirement.

@WheresWaldo05 3 месяца назад

Could be done if you live down south. Not in Minnesota. I also suggest making sure you have lots of hobbies so that most the only time you arr at your van is when you actually sleep or drive to work location/hobby locations. It wont be a big deal if you are dead tired every night.

@Frugal_fitchic 3 месяца назад

@@WheresWaldo05 my major concern besides transients breaking into my van is trying to heat and cool it while I’m sleeping.

@WheresWaldo05 3 месяца назад

@@Frugal_fitchic For starters, make sure you have a roof vent since heat rises and won't trap into the van keeping it hot.

@Frugal_fitchic 3 месяца назад

@@WheresWaldo05 I’m going to try to get solar so I can run an AC unit but I worry about mold. I think a roof vent is an excellent idea!

@winniethepoohandeeyore2 3 месяца назад

Bought a house using a 1227 a month SSDI income in 21, was approved for all forms of lending except VA since we aren't vets. Bought a home for for a great price and a great rate 3 years ago.. My $ 404 a month mortgage is a fraction of what our rent was.

@WheresWaldo05 3 месяца назад

But you also pay home insurance and property taxes on top of that.

@winniethepoohandeeyore2 3 месяца назад

@@WheresWaldo05 That's INCLUDING property tax and Insurance.

@kcampbell867 Месяц назад

I love your honesty!!

@coya8coy175 4 месяца назад

I’m honestly wondering once I save enough cash if I should buy or just leave the country all together and retire early 🤔 The home prices where I live are still reasonable, but how long will that last?

@JackieBaker 4 месяца назад

Who knows. This can't go on forever.

@DouglasSandvos-yo1lt 5 месяцев назад

Decades ago, when I was looking to buy my first home, I was able to combine my credit cards into a personal loan. Since I was on the backend of my car loan, I was able to refinance my car loan into a longer term, which reduced my payment. By refinancing everything, I was able to substantially reduce my monthly payments, which meant that I could buy a home sooner rather than later. Had I waited to pay off the consumer debt first, the inflation on the real estate would have eaten into what I was able to afford. I was also able to start building equity in my property years earlier. I hope that the food for thought helps. Good luck!

@Honestfeedback1 5 месяцев назад

I appreciate and stand behind what you’re saying. Before the 2000’s crash they looked at credit score and not income if you qualified. Good for investors but not for home buyers. I turned away buyers who qualified by credit scores only. I directed them to a person who would write the contract but I’d tell them I won’t. Most would not buy from the one who would sell them but they still reffered buyers who could legit buy to me. Win/ wins

@mz.bdejesus3624 Месяц назад

I appreciate your informative and helpful information.

@nichflor007 3 месяца назад

So again realistically $60k is hard to make in an area that houses are still that cheap....

@aolvaar8792 3 месяца назад

Looking for map defect in VR, Anywhere with Starlink

@eplugplay8409 3 месяца назад

Only 60k a year no way anyone can afford a house unless it’s a really cheap one like 150k house.

@croswellianprincess3590 3 месяца назад

I had to wait 30 years and when the housing crash came in 2008!I was finally able to afford a fixer upper 75-year-old 800 square foot home with no basement and a tiny attic.

@drummerman4444 3 месяца назад

The biggest variable is the property tax. Houses are cheap in NJ before tax, but add the tax back and they are the most expensive in the country. Not sure why you didn't mention tax.

@thyeconomy 3 месяца назад

I’ll just build my own house, I’m an electrical contractor. Trade skills for the win.

@kathurtado13 4 месяца назад

It's that 60k before "Murphy taxes" [aka NJ] or 60k after Murphy taxes??

@spookerr 6 месяцев назад

I bought in 2014 CASH. $130k. 3 br split level. In reverse cul de sac. Where everyone is pointing away from me and I have large yard in high population area. NOT an easy find. Now house is $330k AT LEAST. So, I don't care.

@JackieBaker 6 месяцев назад

Good for you!

@johnroberts3824 3 месяца назад

At $60K you might be able to afford the mortgage, but where is the down payment coming from? My recommendation is look to a more rural area where housing is cheaper. Maybe find a seller-financed property. And pretty much everyone has seen the move "It's A Wonderful Life". Do you remember the house that George Bailey got, and the work they put into it? Get ready to learn some fixer-upper skills. That's not a bad thing, because you'll get the skills to maintain any house, and those skills will come in handy throughout your life. It's definitely doable, if you're willing to put in the work.

@wolfyklip 3 месяца назад

I live in the San Francisco Bay Area ! Average homes here is 1.3 million ! The lowest is are condos in surrounding counties for 500k. Yes, I owned my home in Sonoma , but I brought over 20 yrs ago my single income, not today! Most homes in Sonoma average at 850k! Yes, many couples combine income here are very high to buy (200k-plus) most mortgage here is 6k-8k average. But if you brought about 10 years ago, it was still 4k plus! Just Zillow the home prices for San Francisco and find I'm not lying.......We sold our parent home in 2021 San Francisco for 1.8!!

@dylannewell1914 6 месяцев назад

60,000 a year afford you a shed or a house in the projects

@TheBerlyn186 11 месяцев назад

Jello…. Thanks for the breakdown but unfortunately none of our homes in our area are close to those price points we need four people on a Loan and that the reality of it.