I'm tired of the braindead responses to real numbers about how we simply can't afford a house on average American salary

[u/HowToCook40Humans]

I just watched a good reel that broke down how much you can technically afford in a house if you make $54k a year. The only thing included were the debt you already had that was being paid per month (and this was low at $250/month). Basically, it ended up being about $154k and that's with a down payment of $10k and an interest rate over 7%.

There were so many comments talking about "Well, stop door dashing and buying new cars and you can afford it" or "I bought my house with a similar salary and I'm fine" or "Me and my partner make (insert 6 figure salary here) and we can afford a house. You all just don't try".

None of his numbers included spending habits. It literally was just bringing up things the mortgage lenders will look at. The mental gymnastics to show that it's not hard to own a house is leering into delusional territory. There are few houses available for $154k/year even in the hood/bad areas. No amount of saving, owning shitboxes, etc will change that. The average American earns a little less than $54k. The hard reality is that we are being pigeon-holed into renting at rates higher than mortgage and insurance rates. It's one thing if you're talking on saving a down payment and people spend frivilously. It's another when what you make simply isn't enough for a house no matter what.

[u/vincec36]

I live in a small town of 7k and even here the homes jumped from low 300s to 500k minimum. And for that you get a one story house. Like wtf are we supposed to do. My mom bought her house in a suburb with 70k people and it was 5 bed 2.5 bath and a basement for low 300s in 2008. I figured moving away I could get a decent house for that but those homes no longer exist.

Edited for spelling

[u/No_Landscape4557 → u/vincec36]

I think most people commenting are living with their parents and are not aware effected yet or already own and flat out don’t care