Report: US homebuyers must earn $80K to afford a starter home in 2024
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Anonymoose
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Posted 10:35 am, 09/05/2024
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BS is still living with mommy or is your is sisters paying your way
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Anonymoose
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Posted 10:28 am, 09/05/2024
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I've just been there fine that and I know how much everything is. Don't forget 401 k
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BigSal
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Posted 7:01 am, 09/05/2024
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Childcare has been expensive for a decade or more, and it goes up almost every year, no matter who president is.
Youre really clueless on how the world is, aint you old hag?
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Anonymoose
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Posted 6:54 am, 09/05/2024
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I forgot about child care it's expensive , like a house payment expensive. Like Kamala says we're proud of Bidenomics
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Anonymoose
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Posted 6:44 am, 09/05/2024
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I looked a few months ago and there was a gutted crack house on there with no front door for $100k.
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Tilly22
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Posted 1:51 am, 09/05/2024
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You can only buy what is for sale and there are very few affordable starter homes on the market. When they are available they are usually **** up with an all cash offer then turned into an investment Airbnb short term vacation rental, and that has become a big problem for first time homebuyers.
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antithesis
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Posted 1:05 am, 09/05/2024
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The median listing price in Wilkesboro right now is $380k.
Yeah, but the list includes a house for $750,000, another for $890,000, another for $915,000, another for $1,248,000, another for $1,599,900, another for $1,690,000, and another for $3,988,800. Those sorta skew the average...
Some of those are interesting to look at, too. Like this one... listed in March for $1,498,000, then removed and relisted in August for $890,000? That's a pretty big drop in a few months!
But either way, I looked at the 2 bedroom homes that have actually been sold because I think that would be closer to what DB would consider a "starter home." There's no clear definition of what that actually means, though.
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Anonymoose
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Posted 12:17 am, 09/05/2024
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Don't you still need 10 % to be able to borrow the money? $32 k saved up ?
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Anonymoose
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Posted 12:04 am, 09/05/2024
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After taxes , gas , power bill , water bill , internet, cell phone, car payment, car insurance, home insurance, property taxes, groceries, house up keep , car up keep, lawnmower up keep , dog / cat food , clothes and shoes. Hygiene, occasional Dr appointments, dental care, Well you get point. The bank will tell you at making $80 k you can buy a $320 k home. You can't Oh I forgot about the wife and kids you'll need to at least double some of those expenses.
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Tilly22
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Posted 11:52 pm, 09/04/2024
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|METALTRUCKER|
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Posted 7:04 pm, 09/04/2024
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AMEN GASCON!!!
they're (democrats) ARE to blame.namely the current
administration. Thank you for saying that. :)
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gascon
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Posted 6:19 pm, 09/04/2024
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Funny how everyone blames fast food for obesity, diabetes, and high blood. Eating one donut a week probably won't hurt you, eating 2 donuts every day might. Not starting up with you Anti, I'm done here. Prices are high and getting higher. We can't afford democrats in the WH.
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antithesis
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Posted 4:08 pm, 09/04/2024
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In North Wilkesboro, the average 2 bedroom house sold for $161,500 in August 2024...
Wilkesboro was higher, at $228,000...
That's the average for all 2 bedroom homes, though, so not necessarily starter homes.
To afford a $161,500 house at 7% interest, you should have an annual household income of $46,000...
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Jimbojolly
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Posted 3:55 pm, 09/04/2024
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CoupCoup, almost every post you make here is a "crybaby" post. You win the whiner of the forum prize.
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antithesis
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Posted 3:53 pm, 09/04/2024
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This isn't political, it's real estate. Do you consider a $240,000 - $320,000 house to be a starter home?
The rule of thumb has always been to keep your mortgage less than 28% of your gross monthly income. That hasn't changed. The only question now is how you define a "starter home..."
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DB Cooper
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Posted 3:46 pm, 09/04/2024
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Hey crybaby, I thought you were off the political threads. By the way how's that DJT holding up?
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antithesis
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Posted 3:44 pm, 09/04/2024
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With an $80,000 annual salary, you could potentially afford a house priced between $240,000 and $320,000 depending on your financial situation, credit score, and current market conditions.
stopped and got a whooper and fries yesterday, first i've had in 2 or 3 months. two whoopers and 2 medium fries were $19 dollars.
I went with a friend to Kotos last week. We ate for about $20 combined, which included the tip.
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Acumen
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Posted 3:42 pm, 09/04/2024
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You people are so full of BS.
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gascon
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Posted 2:29 pm, 09/04/2024
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stopped and got a whooper and fries yesterday, first i've had in 2 or 3 months. two whoopers and 2 medium fries were $19 dollars. prices are high and getting higher. we can't afford any democrats. and for butths this was for two.
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freerangethinker
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Posted 2:19 pm, 09/04/2024
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$80,000 after taxes would not be enough to buy a house.
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