3 ms·
https://archive.ph/9hmxF https://archive.ph/9hmxF That number seems really low. Here in Seattle, the median home price is $804k, and a third of that is about $
by karaterobot 3y ago
https://archive.ph/9hmxF https://archive.ph/9hmxF
That number seems really low. Here in Seattle, the median home price is $804k, and a third of that is about $268k. I'm ignoring the down payment, but you get the idea.
And we're not the most expensive market by any means. If this number is an aggregation, I guess that's somewhat better news for people outside the cities.
And by outside the city, I mean 2-3 hours by car. Just moving to the next county isn't enough.
I also wonder what they mean by a "typical" home. Do they mean typical in terms of price, regardless of square footage or unit type, or do they mean "typical" in the sense of a 3/2 single occupancy dwelling with a certain square footage and yard size, etc.?
- karaterobot 3y agoIf you factor in a 20% down payment, it's $192k/year, for the record. But you would need $160k in the bank for that down payment.