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$2716 is still 40% of your pretax household income at the median household income of $78k annually. Post tax, if you include all the other home ownership costs
by darth_avocado 3y ago
$2716 is still 40% of your pretax household income at the median household income of $78k annually. Post tax, if you include all the other home ownership costs (taxes, insurance, upkeep), this comfortably exceeds 50% of your income, which is unaffordable at that income levels.
- rco8786 3y agoTotally agree - just think it's important to work with statistically realistic figures when discussing these sorts of things.