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> Go find me a house for sale now that's less than 10 or 15 years of an individuals salary. My condo is worth 1-1½ times my salary. 'The Census ACS 1-year sur
by zeveb 10y ago
> Go find me a house for sale now that's less than 10 or 15 years of an individuals salary.
My condo is worth 1-1½ times my salary.
'The Census ACS 1-year survey reports that the median household income for the Dallas-Fort Worth-Arlington Texas metro area was $59,530 in 2014, the latest figures available.'[1]
'The median home value in Dallas is $147,400.'[2]
$147,400 is 2.47 years. Double that, if you think the median household has two incomes.
U.S. median household income is $56,500. There are plenty of houses to be had for less than $565,000–$847,500.
[1] http://www.deptofnumbers.com/income/texas/dallas/ http://www.deptofnumbers.com/income/texas/dallas/
[2] http://www.zillow.com/dallas-tx/home-values/ http://www.zillow.com/dallas-tx/home-values/
[3] http://www.nytimes.com/2016/09/14/business/economy/us-census-household-income-poverty-wealth-2015.html http://www.nytimes.com/2016/09/14/business/economy/us-census...