TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.
Congrats. Do you live in Central Florida (Orlando area)? How much student loan debt do you carry? The article was fairly specific about that $125k. I’m pretty sure you can buy a home and live well within your means with much less if you lived in Gray, Louisiana.
One thing that the author is not taking into consideration is the post-pandemic ability to “work from home”. Gray, Louisiana is 45 minutes away from New Orleans and five minutes away from Houma. You can buy a 4Bd/3Ba 2100sqft brick house there for $165k. Crimenis relatively low and there is a university close by. You get the full suburban treatment for cheap…but you have to have a skill set that allows for remote work.
i dont mean to pry, but i have been trying to work out how i can do this for myself so id be interested how you were able to do it.
im not asking for your life story, and obviously share what youre comfortable with online, but some helpful info would be your salary range, location and cost of home, and down payment (even as just a percentage of the total home cost).
other useful contextual information would be how long it took you to save up for the down payment, whether you did so while paying rent, if you had any other assitance with the down payment (personal loan, gift from family, borrowed against your 401k, etc), state of the home (move-in ready/fixer upper/built yourself), whether you used the loan to acquire furniture, etc.
sorry if thats asking too much but id like to use you as a data point, even if just for myself, and i do need a bit of data to do that.
Sorry, I’m not talking about this any more. Lemmy is too fucking toxic to anyone who goes against the hive mind. My comment was made in an effort to bring hope to people who read this, that there ways to make it work. But I’m done with this community honestly
i replied to your comment because it did give me a bit of hope that it was probable for someone without a six figure salary. i was just looking for some context to see what kind of sacrifices to my lifestyle and living situation i might have to make to achieve that. if it came off as passive or judgmental i am sorry. that was not my intention. i am glad you tried to give others hope that it can be done, but without a clear path to a goal, however conditional, it doesnt end up helping very much.
