427
A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor'
(www.businessinsider.com)
this post was submitted on 14 Aug 2024
427 points (93.0% liked)
A Boring Dystopia
9721 readers
494 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Bringing in 17k+ per month after tax and cannot afford a home?? I call bullshit. A $750k home is 5k per month including HOA/tax/insurance. That’s less than 30% of their take home.
They could double their payment and pay it off in 5 years, with 7k per month to live on, then they live rent free for the rest of their lives.
This article feels like propaganda. Homes are over priced but 250k per year is a lot of money.
Well, they are saying they bring home $11k, not $17k a month, not sure where you got that number. With $11k of income, spending $5k on mortgage is less appealing. Especially if you consider a risk of layoff.
Not to mention savings, retirement, saving for your kid's college, paying for their school (depending on whether or not the public system is good or not where they live), car payments, medical bills, student loans...
Don't know what OP is smoking, but nothing he says makes sense.