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2024-06-08 15:21:56

Andrew Lokenauth on Nostr: The income required to afford the average US home at $420,800 is $126,300 per year ...

The income required to afford the average US home at $420,800 is $126,300 per year (3x rule).

The problem?

The average household income in the US is only $74,500.

That's 40.8% BELOW the income needed to afford a home.

Housing affordability is horrible.
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