More than I have ever been able to afford for all of my adult life.
Wage is 10k, house is 2m.
The USA is huge variation but in my county median household income is $70k, median home price is $370k. It’s a rural area but with 2 cities within 40 miles or so. In my location travel north and income and house prices increase, travel south and they both decrease. My mortgage including taxes and insurance is $1,200 per month.
Finally! A real answer to one of these
A nice house? Unattainable. A 90s RV? Possible.
You’re asking mostly people in the western world, a place besieged by a commodified property’s market. The landed gentry is returning, only this time by way of capitalism.
That’s not even a question that has one answer in my neighborhood, much less the whole city. And the whole US? Forget it.
I couldn’t even answer that question here in the Netherlands and our country is about 237 times smaller than the US
Who mentioned the US?
OP: The original wording was “…in your country”.
Absurdly high is what they are!
House is around 500k, median annual family income is 61.4k.
I had a look and it so happens there are 2 properties for sale within a few hundred meters from me.
€ 200,000 for a one room apartment of 46 m² € 560,000 for a large apartment with balcony
The nearest house costs a bit over € 1.2 million.
I got lucky with a cheap apartment ~40m² for € 662/month (which is almost as much as minimum wage here btw). Renting till I die I guess 🤷
This sounds exactly like where I’m at lmao
Houses: 2.5 million+
Townhouses: 1 million+
Apartments: 750k+
Median (individual)Income: 39k (post tax)
I’m in a college town, so… it varies wildly. You could probably rent a crack shack 10 miles from campus for basically nothing.
The floor for rent at a “decent” place is probably at least a grand. Actually buying a house? Who the fuck knows, but it’ll definitely be obscene.
My university-owned apartment is $600 with a roommate, which is honestly a pretty good deal considering that utilities (including gigabit Ethernet!) are included.
The house I rent for £1100 a month would cost somewhere in the region of £250k to buy, putting it firmly out of my ability, despite the mortgage payments almost certainly being lower than my rent.
Crazy isn’t it. We’re looking for ‘cheap’ houses in our area for £300k-£400k… Help
About 2x the cost as it is elsewhere! Also roughly half the price as somewhere else. I’d say generally housing in my area goes around market price.
Me and 2 roommates are splitting a 3b/1ba for $2500/mo.
Square footage total is less than the living room in the house I grew up in.
Typical house is around 200 to 500k€. Mine was just 100k because I settled for a smaller one.
Wh… where do you live
