Too damn high, MURICA.
It’s very hard to find a 1 bedroom apt for less than $1000. 2-3 bedrooms are at least $2k if you want modern amenities.
$2000 bach. $2700 1bdrm $3200 2bdrm
Bristol, England.
A two bedroom house would probably set you back about £250k to £300k now. We’re the second most expensive city behind London now.
More than I have ever been able to afford for all of my adult life.
A house is 1/5th of your annual income and you can’t save up a down payment?
A 20% down payment for you is only 2 weeks of your salary.
You could save income of about 6 hours worth of work each week to have a 20% down payment in a year
With an FHA loan, a down payment is 0.6% of your annual income.
Crazy isn’t it. We’re looking for ‘cheap’ houses in our area for £300k-£400k… Help
Wage is 10k, house is 2m.
Too much
US
The USA is huge variation but in my county median household income is $70k, median home price is $370k. It’s a rural area but with 2 cities within 40 miles or so. In my location travel north and income and house prices increase, travel south and they both decrease. My mortgage including taxes and insurance is $1,200 per month.
Finally! A real answer to one of these
It depends on the state. Here it’s a couple hundred thousand.