return2ozma@lemmy.world to News@lemmy.world · 11 months agoYou have to earn $115,000 a year to afford a typical house now in the USwww.axios.comexternal-linkmessage-square86fedilinkarrow-up1440arrow-down112
arrow-up1428arrow-down1external-linkYou have to earn $115,000 a year to afford a typical house now in the USwww.axios.comreturn2ozma@lemmy.world to News@lemmy.world · 11 months agomessage-square86fedilink
minus-squarefoggy@lemmy.worldlinkfedilinkarrow-up22·edit-211 months ago…for a $400,000 home, to pay $2,000 a month with current interest rates, your downpayment would need to be 50%> You would need $200,000 cash in hand.
minus-squareYoBuckStopsHere@lemmy.worldlinkfedilinkEnglisharrow-up5arrow-down4·11 months agoNo one puts 50% down, it isn’t 1952. $10K-$25K is normal these days.
…for a $400,000 home, to pay $2,000 a month with current interest rates, your downpayment would need to be 50%>
You would need $200,000 cash in hand.
No one puts 50% down, it isn’t 1952. $10K-$25K is normal these days.