In late 2021, the median home sale price topped $400,000 for the first time—and it’s remained well above that threshold ever since, according to U.S. Census Bureau data. If you are wondering how much income you need to afford a $400,000 house, in a sense you’re just about ...
Nobody will doubt that earning $400,000 a year is a lot of money. A $400,000 a year household income puts you in America's top 1.8% income-earners according to the IRS. Therefore, by most metrics, you areconsidered rich with this income. Sadly, earning $400K a year would have put...
1.2mil house with $420k household income? Is it economically viable/reasonable to buy a 1.2mil apt in the bay area with 420k TC , with 20% down payment? Monthly mortgage seems too high to afford it#housing#mortgage 2611,434 Share
But if you ask any $250,000 a year couple whether they think they are rich, I'm sure most would privately tell you no. In 2024, it costs $1.8 million here in San Francisco to get a decent house in a decent neighborhood. That's 7.2X a $250,000 household salary. A family o...
an income of $13.5 K a year. We just live in a rented house which is very far from a town or a city. Even talking about education, I will never get good education. My grades are just a bit more than average and I study all the time. Imagine how it would be to be a ...
Much better to trawl thrift shops, post-holiday clearance sales, and estate and garage sales, which can be terrific places to buy a lot of merchandise cheap. We wrote a detailed article on the process. eBay: Some things sell better and for more on eBay than Amazon. If you have a “one...
An item that can be traded for goods and services can be referred to as Does the revenue of a company also imply money that the company receives just to forward it to third parties? You have recently learned that the company where you work is being sold for $500,000. The company's ...
The “debt-to-income ratio” or “DTI ratio” as it’s known in the mortgage industry, is the way a bank or lender determines what you can afford in the way of a mortgage payment. By dividing all of your monthly liabilities (including the proposed housing payment) by your gross monthly...
years, we have no shortage of capital gains to harvest. Without going into great detail, this basically means to sell a stock that has increased in value and then buy it back with increased basis. This is a taxable event, but with a tax rate of 0% it just functions as a basis reset...
When I was younger I used to buy a tax information book for each year Now that I am much older and house bound, I decided to check out my computer. Thank you for the ” change” information and even info for next year. . I might not need it because I am 91 1/2 years now, ...