/biz/ - Business & Finance

>>50705471
So (439100*85%)=373235 at 5.6% 30 year -> ~$2150/month OR $25800/yr

https://www.bestplaces.net/compare-cities/raleigh_nc/charlotte_nc/economy
Average HOUSEHOLD income for Raleigh is currently $61,505

61505/25800 =41%
So housing is pretty much not affordable with traditional wisdom for household income and like 3 bedroom housing. So like what percentile of income do you need to be in to afford housing as a “household” (read in our case household of 1 person) to reach 30% of yearly income on housing?

25800/.30 = $86000 yearly income

Using that last link this falls within the 60th and 70th percentiles of households, making reaching this pretty unlikely considering this is household income and not individual income. So yeah, housing is unaffordable for most Americans in my area by traditional wisdom.

>>10983357

>>10859157
ok rakesh

>>4806815

>>1446934
That's it, thanks for the timely reply famjam, much appreciated.
Why a french guy had Thai money in western Europe I'll never know