Is 300k the bare minimum income to buy a single family now?

[Anonymous]

Anonymous wrote:Homes are much cheaper than three years ago as most kids are in stocks which is way up more than housing last three years

LOL. Putting kids in stocks works?

[Anonymous]

Anonymous wrote:300k is not that much anymore

Tell that to the majority of Americans. You are delulu.

[Anonymous]

300k is middle class and maybe lower end of upper middle class. Not enough to buy a home and start a family.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Homes are much cheaper than three years ago as most kids are in stocks which is way up more than housing last three years

LOL. Putting kids in stocks works?

Kids are anyone under 30. BTW my old FinTech we let people as young as 8 open trading accounts. My kids 23-25 started on Robinhood and Marcus when they graduated and for them the last three years stocks straight up and HYSA have been good. It is why so many cash buyers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Homes are much cheaper than three years ago as most kids are in stocks which is way up more than housing last three years

LOL. Putting kids in stocks works?

Kids are anyone under 30. BTW my old FinTech we let people as young as 8 open trading accounts. My kids 23-25 started on Robinhood and Marcus when they graduated and for them the last three years stocks straight up and HYSA have been good. It is why so many cash buyers.

Kids are not anyone under 30. Gross!

[Anonymous]

Generational wealth or the work houses. There is no in-between. I’m off to beg for my porridge now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Homes are much cheaper than three years ago as most kids are in stocks which is way up more than housing last three years

LOL. Putting kids in stocks works?

Kids are anyone under 30. BTW my old FinTech we let people as young as 8 open trading accounts. My kids 23-25 started on Robinhood and Marcus when they graduated and for them the last three years stocks straight up and HYSA have been good. It is why so many cash buyers.

Kids are not anyone under 30. Gross!

Ha Ha, maybe 26. I know all my kids friends under 26 are on the parents medical plan, their netflix account, their cell phone plan, dont own real estate, dont own a car and are not married. What are they then? Adults. Heck they go to a family partythey hop in Moms or Dads SUV to be driven there.

When you have a house, are married, have kids and you are hosting Thanksgiving and Xmas you are an adult.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Feels impossible to buy a house with a 2 car driveway and a yard unless you have a stable 300k/yr income. I make around this much and am still holding off because I don’t feel secure in my position. I could pay the bills just fine but if income disappears tmrw I’m screwed and my industry is laying people off left and right

With that income you could buy a 500K house and pay it off in just 5 years or less.
If you say you couldn't, then you are wasting so much money somewhere.

100K income family should be able to pay off a 500K house in 15 years with no problem.

It used to be that banks would let you borrow up to 3 times your annual income when buying a house

[Anonymous]

I don’t think so. We earn 400k combined, and bought a 1.1M townhouse (all the bells and whistles). We’re still maxing all retirement accounts and adding to brokerages, so I think the comfortable number to buy a house has got to be in the mid-200k household income

[Anonymous]

Depends on whether you have kids, how many and what they need I have 2 tweens and I swear in their ATM - tutoring, activities, clothes and food, summer camps.. listen if you don't have kids under 15 now and I do not mean 5 years ago - you have no idea!