$100k/year still might not be enough to buy a home
1–10 of 321 posts
Re: $100k/year still might not be enough to buy a home
#2It's been a long time since $100k was a lot of money
Re: $100k/year still might not be enough to buy a home
#3It's been a long time since $100k was a lot of money
Yes, but employers sure treat it like a lot of money
Re: $100k/year still might not be enough to buy a home
#4It's been a long time since $100k was a lot of money
It remains an enormous amount of money for a lot of people.
Re: $100k/year still might not be enough to buy a home
#5It's been a long time since $100k was a lot of money
That's still higher than 70% of American households
https://www.statista.com/statistics/203183/percentage-distri...
Re: $100k/year still might not be enough to buy a home
#6It's been a long time since $100k was a lot of money
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Re: $100k/year still might not be enough to buy a home
#7It's been a long time since $100k was a lot of money
Median household income in USA is $59,039.
That's both the mother AND father working to bring home $59,039 on the average (before taxes and other costs).
Its clear you live in a rich area where $100k isn't much. But that's also why a large chunk of Americans think that "city-folk" are disconnected from reality. $100k is a lot for many people.
My sister lives in an area (in USA) where a 2-bedroom apartment is just $500/month, low crime good living conditions.
Re: $100k/year still might not be enough to buy a home
#8If only the FED actually measured this in inflation numbers.
Re: $100k/year still might not be enough to buy a home
#9$100,000 still a lot of money. You can buy a beer in Vietnam for 20 cents. The problem in the Bay Area, where I live, is we artificially limit the amount of housing. So prices move to infinity.
Re: $100k/year still might not be enough to buy a home
#10There's very few places where there is an overlap of "jobs that pay $100k" and "homes that can be afforded at $100k salary".