this post was submitted on 18 Oct 2023
288 points (96.8% liked)
Personal Finance
3827 readers
2 users here now
Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!
Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What the fuck America is so Goddamned cheap.
Compare the median salaries in those places to chart, doesnt seem very cheap to me.
I live in phoenix.
Less than 7% of people make enough to buy a home per this chart.
Interesting, where are you living?
Just making sure you know the prices listed aren't home prices, it's the buyer's necessary minimum annual salary to purchase the house. Unless you're Australian, in which case America is actually cheap by comparison
Also cheap compared to Canada, especially around the great lakes region. Across the lake in Canada is one of the most unaffordable places to live in the country, along with the southwest coast
That's not home price, that's salary requirements.a house in San Jose costs $1.6 million, not $375 thousand. You're paying about $9 thousand a month before taxes.
Huh? A typical salary here couldn't afford any of these. 0.
We've literally made our society completely dependent on marriage/dual income. For those of us that are perpetually single and don't have a WFH tech job that could go anywhere, homeownership is as obtainable as a unicorn.