this post was submitted on 19 Oct 2023
92 points (96.9% liked)

Hacker News

4123 readers
2 users here now

This community serves to share top posts on Hacker News with the wider fediverse.

Rules0. Keep it legal

  1. Keep it civil and SFW
  2. Keep it safe for members of marginalised groups

founded 2 years ago
MODERATORS
haxor@derp.foo
92
Americans Must Earn $114,000 a Year to Afford a Typical Home (www.bloomberg.com)
submitted 2 years ago by haxor@derp.foo to c/hackernews@derp.foo
16 comments fedilink hide all child comments
 

There is a discussion on Hacker News, but feel free to comment here as well.

you are viewing a single comment's thread
view the rest of the comments
[–] Kit@lemmy.blahaj.zone 9 points 2 years ago (1 children)

The article is paywalled. Is this $114,000 total family income? That seems a lot more feasible than $114,000 per person. The median income for a 35 year old is $63k so two people working would, on average, be able to afford a home.

[–] protist@mander.xyz 3 points 2 years ago (1 children)

Yes, household income

[–] isVeryLoud@lemmy.ca 2 points 2 years ago (1 children)

Seems rather low, although I am coming from a Canadian perspective ($156,000 CAD)

[–] Kit@lemmy.blahaj.zone 1 points 2 years ago

Late reply, but I hear rough things about the Canadian housing situation. In most US cities it's much more affordable to own a home. My childhood best friend moved to Canada and she's stuck renting for eternity unless something changes there.