"Homeownership: Financial Considerations and Dilemmas"
TL;DR Summary
To afford a $500,000 home, a person would typically need to make about $140,000 a year, according to Realtor.com's economic data analyst. This means that homeownership is increasingly out of reach for individuals earning the median income.
Topics:business#affordability#homeownership#housing-market#median-income#personal-finance#real-estate
- How much do you need to earn to afford a $500,000 home? Here is the answer. MarketWatch
- What Percentage Of My Income Should Go To Mortgage? Forbes
- Is it wise to continue renting, or should I take a 401K loan to buy a home? SILive.com
- Cracking Rent vs Buy, the classic personal finance dilemma Moneycontrol
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
0 min
vs 1 min read
Condensed
59%
90 → 37 words
Want the full story? Read the original article
Read on MarketWatch