doesn’t mean you’ll automatically be able to afford to buy a house there. Just as a baby born upon the Apple campus in Cupertino today doesn’t automatically get a new iPhone Pro Max every year.
For 2024, Zillow came out with an insightful study onincome required to afford a typical homein the largest 50 cities. For the entire United States, $106,536 is required to buy the median priced home in America, which is currently around $420,000. Based on the analysis, if you live in...
The 3-4x rule:Many like to take their pre-tax income and multiply it by 3 (or 4 if you have really low debt) to get a broad number for how much house they can afford. Using this calculation, a person making $100k annually could purchase a home between $3-$400k purchase price. T...
s upbringing. Bankrate’s recentCredit Card Debt Surveydiscovered that approximately 26 percent of balance-carrying consumers report their reasons for credit card debt are due to childcare, groceries and utilities — indicating that families may need to rely on credit cards to afford day-to-day ...
This type of appraisal is a blend of both a market and cost approach to determine its fair market value. The cost approach establishes the value of the home by determining what the cost would be to rebuild the structure from the ground up. ...
The author has a response to folks wondering about the risk of health and long-term care expenses later in life. I am paraphrasing here: “Don’t even bother; it’s so expensive that you poor little peasants and peons can’t afford it anyway.” He mentions how astronomically...
If not, are you willing to wait for the price or buyer you want, and can you financially afford to do so? Preparing for the sale of your business involves evaluating your reasons for selling, setting realistic expectations, and organizing financial and operational records. By reflecting on your...
There are three excuses that people, especially doctors, throw out when I suggest they drive a $5,000 car for a while until they can afford to drive something nicer. The first excuse is the reliability argument. “But I can’t drive an old car. I don’t want to be stranded on the...
heartland of America, where I’m bullish, but in the heartland, those high income jobs are harder to come by. If one shouldn't spend any more than 3X – 5X their gross income on a home, how much does one have to make in order to afford the $1.2M median home price in SF or ...
"You're never going to be able to afford to put your kids through school or visit home" "It must only be an existence. Not a future. Outside of Bangkok maybe doable but still not a long term plan for future stability" "It's possible to live on 30K but have you come across the ...