/biz/ - Business & Finance

>starter home in a neighborhood free of coonery and buffoonery $250-300k
>5% down, 30 year mortgage @ 6.5%
>mortgage $1500 to $1800
>PMI/MIP $150 to $200
>taxes $300 to $400
>insurance $150
>$2100 to $2550 a month
>25% rule ==> $8400 to $10200/month post-tax income to comfortably afford this
>$100.8k/year to $122.4k/year post-tax income
>$130k/year to $155k/year pre-tax income (~80th percentile household income for my county)
literally how the fuck is anyone buying a home right now?