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Keep in mind the housing price. Making 200k on a 1.5 million house is significantly poorer than $150k on a 300k house. All your extra incomes goes towards inter
by yekko 13y ago
Keep in mind the housing price. Making 200k on a 1.5 million house is significantly poorer than $150k on a 300k house. All your extra incomes goes towards interest payments and then some.
Inflation have been crazy for the last decade, salary is finally starting to catch up, especially this year.
You know things are getting good when recruiters email out the salary numbers on initial contact.
- gohrt 13y agoNot significantly.... 5% (interest rate plus property taxes) of 1.2M = $60K Borrowing money is cheap recently.
- yekko 13y agoYeah but after a boom and bust cycle, the guy at the 300k house will weather it fine while the 1.5m guy will be bankrupt and lose everything.
- jonknee 13y ago> Inflation have been crazy for the last decade, salary is finally starting to catch up, especially this year. Not really. Housing prices raised significantly in a few markets (the SF Bay area a prime example), but inflation has been average for the past decade. That makes sense considering we had a recession, it canceled out high inflation years like 2007. http://www.usinflationcalculator.com/inflation/current-inflation-rates/ http://www.usinflationcalculator.com/inflation/current-infla...
- wisty 13y agoHouse prices aren't part of inflation, are they? Generally, economists assume that a house is an asset, and rent (or if people own houses, the rent they would pay) goes to the inflation figures. From the FAQ on your link: > Housing: rent of primary residence, owners’ equivalent rent, fuel oil, bedroom furniture, etc. So house prices aren't included, just imputed rent.