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[quote=Anonymous]On another thread, someone asked how much house they can afford with a $300-$400,000 HHI. Some posters gave reasonable answers but others responded by saying their home cost less than they earn in a year! https://www.longtermtrends.net/home-price-median-annual-income-ratio/ As shown in this chart, for most of this century, home prices have been more than 5x the median household income (and are currently at a staggering 7x income!). So yes, if your HHI is a relatively secure 400K, you can get that $1.7 million house. You don’t have to stick to 800K. More expensive homes are more expensive for a reason, either location/commute, large enough to accommodate everyone, good school districts, beauty/renovations, etc. Why do so many on DCUM insist on lowering their standard of living by being so unreasonably stingy with housing?[/quote]
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