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Salary Needed To Buy a Home In The US (reddthat.com)

submitted 11 months ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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[–] ThanksObama5223@hexbear.net 1 points 11 months ago

At current interest rates, 5% down, and an 800 credit score, you're monthly piti is still like 2,700. Assuming you make that 92k/yr, and are traded at 22%, you're monthly take home is 5900. That's 45 percent of your monthly income. "Affordability" is for dinner heavy lifting here