The 'old American Dream died,' Realtor details salary needed to buy a home, afford a middle class life in 2024 - eviltoast
Orlando realtor Freddie Smith discusses how owning a home and living a typical middle class life has become increasingly unattainable for most millennials and older Gen Z.

TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.

  • Pulptastic@midwest.socialEnglish
    1·
    9 months ago

    This. The inspection and repair criteria are higher than for private lending. We sold our house to someone using this program and had to fix stuff that we didn’t need fixed when we bought the house. It wasn’t a huge deal but it did add a week to the process to get it fixed and reinspected.