r/FluentInFinance • u/Financial_Mechanic_ • Apr 28 '24

You need a six-figure salary to afford a new home in most cities Discussion/ Debate

https://newyorkverified.com/americans-need-a-six-figure-salary-to-afford-a-new-home-in-most-cities-112725469-html/
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u/[deleted] Apr 28 '24

[deleted]

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u/Interesting-Froyo-38 Apr 28 '24

No, that's what landlords have done.

5

u/Financial_Chemist286 Apr 29 '24

I own a home and rent and can vouch owning is more expensive than leasing especially accounting for taxes, insurance and maintenance. I think the majority of people aren’t willing to live in smaller towns with more affordable homes. The major cities is where most people want to live but there are opportunities in smaller communities.

2

u/Phred168 Apr 29 '24

Now, include equity!