Quote:
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Originally Posted by swa(y)
people that make 40 grand a year driving 50 thousand dollar cars and people that make 85 grand a year living in 180 thousand dollar houses
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this is a serious question, because again I have no real experience living in another country, let alone the US.
But is that about average? Do you know the median house prices vs the median wage? (my cat has just kicked my hand and mouse off the mouse pad because he wants to sit there wtf??) Here it is around 7 x
So say your average household income is 80k, you're likely to be living in a house that cost around 560 to 600k. My partner and I make around 50k a year combined, and our first home(1 or 2 bedroom apartment) is going to cost us around 320k. Our interest rate has just dropped from 7% to 6% ish. We could probably buy a two or three bedroom house in suburbia, but we're going to rent it out and the rental market is more secure closer to the city.
so yeh. I just thought that number you said sounded really low. But you might have just pulled it out of the air and its not acurate? I'd love to know for general reference?