More than I have ever been able to afford for all of my adult life.
The USA is huge variation but in my county median household income is $70k, median home price is $370k. It’s a rural area but with 2 cities within 40 miles or so. In my location travel north and income and house prices increase, travel south and they both decrease. My mortgage including taxes and insurance is $1,200 per month.
Finally! A real answer to one of these
Wage is 10k, house is 2m.
You’re asking mostly people in the western world, a place besieged by a commodified property’s market. The landed gentry is returning, only this time by way of capitalism.
A nice house? Unattainable. A 90s RV? Possible.
That’s not even a question that has one answer in my neighborhood, much less the whole city. And the whole US? Forget it.
I couldn’t even answer that question here in the Netherlands and our country is about 237 times smaller than the US
Who mentioned the US?
OP: The original wording was “…in your country”.
House is around 500k, median annual family income is 61.4k.
Absurdly high is what they are!
I had a look and it so happens there are 2 properties for sale within a few hundred meters from me.
€ 200,000 for a one room apartment of 46 m²
€ 560,000 for a large apartment with balcony
The nearest house costs a bit over € 1.2 million.
I got lucky with a cheap apartment ~40m² for € 662/month (which is almost as much as minimum wage here btw). Renting till I die I guess 🤷
This sounds exactly like where I’m at lmao
Argentina
Houses and small apartments between 40K and 100K (USD)
Salaries are on average 180~250 USD
Rent is between 60 and 130 USD for one person.
That sucks! I feel for you and your fellow Argentinians.
Does a typical football match cost a lot? I have always wondered that about the game in some of the countries where it is the most popular sporting event. How many professional leagues are there? Do you have a favorite?
Mate, I really don’t know anything about football haha, don’t watch it at all, sorry to disappoint you.
I am disappointed!
Hahaha
you will have better luck asking guys here. usually all of them have a team that they adhere to
I’m in a college town, so… it varies wildly. You could probably rent a crack shack 10 miles from campus for basically nothing.
The floor for rent at a “decent” place is probably at least a grand. Actually buying a house? Who the fuck knows, but it’ll definitely be obscene.
My university-owned apartment is $600 with a roommate, which is honestly a pretty good deal considering that utilities (including gigabit Ethernet!) are included.
Ontario here. The numbers they report are the “average” but I call bullshit. Reality Average one bedroom apartment $2500, 2 bedroom basement $1800. Utilities extra. Buy a townhouse $700-$1m. Detached $1m+. We are so fucked.
To be able to afford a 1 bedroom apartment one person must make around $80k a year. If you want to purchase a house, we’ll good luck unless your household income is over $200k and even then you’ll be scraping the bottom of the price barrel.
Houses: 2.5 million+
Townhouses: 1 million+
Apartments: 750k+
Median (individual)Income: 39k (post tax)
Inner eastern Melbourne, Australia. Properties are bought by Chinese investors (not racist, stating a fact) for AU$1-2 million, demolished, replaced with McMansions, sold for over AU$4 million. Within ten years these garbage concrete boxes are cracking and falling apart.
Some suburbs look like McMansion ghettoes and are completely out of reach of ordinary people.
The house I rent for £1100 a month would cost somewhere in the region of £250k to buy, putting it firmly out of my ability, despite the mortgage payments almost certainly being lower than my rent.
Crazy isn’t it. We’re looking for ‘cheap’ houses in our area for £300k-£400k… Help
