#and the house before this one? they bought it in 1984 for $33k | Explore Tumblr Posts and Blogs

grunge-mermaid · 1 year

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so this just came up on my pinterest feed:

the average individual income in my nearest major city is $64,500 and average household income is $126,700. (according to Career Beacon, whoever they are)

assuming Career Beacon means that is the average gross salary, at 2.5x that's $161,250 and $316,750 respectively.

if they mean that is the average net household income, that bumps it up to $87,500 and approximately $200,000. So according to the pinterest advice, your budget for a house should be $218,750 or $500,000.

average house price in that same city? close to $700k

In my old neighbourhood in that city, condo PARKING SPACES were regularly listed for $40k-$75k. you can't even get a reasonable studio condo anywhere in the city proper for $316,000. in the outskirts, like out past the suburbs...maybe. but then you're paying through the nose for transportation.

you can get a nice (and I do actually mean nice, I'm not being sarcastic or snarky at all I swear) trailer home in the middle of fucking nowhere in a 55+ community for $150-$300k. good luck accessing transit though.

#depending on the neighbourhood a detached house can run you $650k to $5 million or more #(that 650k is land value only btw it's most likely a dilapidated husk of a house being held up by mold termites and spite)#semi detached seem to be in the $600k-$1.2m range #condos where literally every wall is shared with neighbours: $400k-$4.5m #also like every other city rent is more expensive than a mortgage #torn between “I would LOVE to have an annual salary of $64k that sounds like SO MUCH MONEY”#and “even if I earn more than the Prime fucking Minister I'll never own a house in a location I actually want to live in”#while sitting in the house my parents bought in 1989 for $90k #(that they can't afford to move out of bc what's it's currently worth won't buy them a decent house less than 1/2 the size)#and the house before this one? they bought it in 1984 for $33k #like I know home ownership isn't supposed to be a goal for my generation anymore #but fuck what I wouldn't give to have a home that *I* own that nobody can take away from me #I've already had one rental sold out from under me #and every time I've moved (not counting in/out of university residence) hasn't been my decision #so it'd be nice to have some housing stability & security for the first time in my adult life #also financial stability & security #like enough to buy a reasonable house #and reliably afford sufficient food for a week without having to stretch 4-5 days worth of food for a whole week

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