More than I have ever been able to afford for all of my adult life.
this post was submitted on 30 Aug 2023
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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.
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.
That's not even a question that has one answer in my neighborhood, much less the whole city. And the whole US? Forget it.
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!
A nice house? Unattainable. A 90s RV? Possible.
Houses: 2.5 million+
Townhouses: 1 million+
Apartments: 750k+
Median (individual)Income: 39k (post tax)
I had a look and it so happens there are 2 properties for sale within a few hundred meters from me.
β¬ 200,000 for a one room apartment of 46 mΒ²
β¬ 560,000 for a large apartment with balcony
The nearest house costs a bit over β¬ 1.2 million.
I got lucky with a cheap apartment ~40mΒ² for β¬ 662/month (which is almost as much as minimum wage here btw). Renting till I die I guess π€·
This sounds exactly like where Iβm at lmao
The house I rent for Β£1100 a month would cost somewhere in the region of Β£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 Β£300k-Β£400k... Help
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.
Late last year I bought a house. 1 hour from work because I couldn't buy a house closer. It still cost 499k for 1480sq ft. My mortgage is $3600/mo
Moving closer to work and I couldn't find any similar sized homes for less than 750k and those were fixer-uppers.
Small houses in most Florida Metro areas are in the 400k range... Multiple 3/2s in the 1500sq range are 500k+
Typical house is around 200 to 500kβ¬. Mine was just 100k because I settled for a smaller one.
Feel like numbeo is a good resource for this. Here in Dublin, Ireland it's horrendously expensive
Me and 2 roommates are splitting a 3b/1ba for $2500/mo.
Square footage total is less than the living room in the house I grew up in.
A 600 sq.ft condo is about $850k. On the standalone house side an older 2000 sq.ft house goes for over $2 Million.
High enough that there should be full-on riots, and yetβ¦nothing. Depressing silence. Everyone is just lying down and allowing themselves to be robbed.
Living in Seattle Washington, a nice 2 bedroom condominium goes for anywhere from 200,000-1,000,000 or more.
200k-250k for a 2 bed and bath in the southern US
It's very hard to find a 1 bedroom apt for less than $1000. 2-3 bedrooms are at least $2k if you want modern amenities.
Depends on where in the country. I used to live in the Bay Area where buying a house - even a starter house - was completely unattainable, even for those that make way above the median salary. I'm a software engineer that made a shitload of money off of the sale of a startup that I worked for, and I would have needed to make more than double my salary and buyout money to afford a starter house there. So I moved to a cheaper area.
Unaffordable to a point that I can't even think about it - anywhere in London
Too much
US
Apartments are about 40 000 for like a really tiny one, around 100 000 for a 50 m2 one. Median income is like 2200 euros per month.
Washington State USA is expensive. I have lived in Seattle and Spokane. Both were affordable until the last 10 years and now most prices have doubled or more. The house I purchased in 2019 was $500k and the current value from some of the real estate sites puts it at almost $800K in less then 5 years.
Total bullshit but thankfully I love the house and I made out like a bandit when I purchased very low and sold very high on my first house, to be able to afford this house. It will be my forever home so I can't complain too much. Expect that when the city thinks the house is worth $800k, my taxes will reflect that even if its not worth that much.
$2000 bach. $2700 1bdrm $3200 2bdrm
It depends on the state. Here it's a couple hundred thousand.
Single family homes starting at $375,000 USD.