435
A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor'
(www.businessinsider.com)
this post was submitted on 14 Aug 2024
435 points (93.1% liked)
A Boring Dystopia
9756 readers
1199 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Well, they are saying they bring home $11k, not $17k a month, not sure where you got that number. With $11k of income, spending $5k on mortgage is less appealing. Especially if you consider a risk of layoff.
The headline says they make 250k, or around 21k gross. 17k was my estimate of net. Article doesn’t match the headline.
Not to mention savings, retirement, saving for your kid's college, paying for their school (depending on whether or not the public system is good or not where they live), car payments, medical bills, student loans...
Don't know what OP is smoking, but nothing he says makes sense.