this post was submitted on 30 Aug 2023
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Asklemmy

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[–] dan1101@lemm.ee 24 points 1 year ago* (last edited 1 year ago) (1 children)

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.

[–] JackLSauce@lemmy.world 6 points 1 year ago

Finally! A real answer to one of these

[–] iso@lemy.lol 22 points 1 year ago

Wage is 10k, house is 2m.

[–] taanegl@beehaw.org 15 points 1 year ago

You're asking mostly people in the western world, a place besieged by a commodified property's market. The landed gentry is returning, only this time by way of capitalism.

[–] atlasraven31@lemm.ee 14 points 1 year ago

A nice house? Unattainable. A 90s RV? Possible.

[–] theKalash@feddit.ch 12 points 1 year ago

Absurdly high is what they are!

[–] mp3@lemmy.ca 11 points 1 year ago* (last edited 1 year ago)

House is around 500k, median annual family income is 61.4k.

[–] Nemo@midwest.social 11 points 1 year ago (3 children)

That's not even a question that has one answer in my neighborhood, much less the whole city. And the whole US? Forget it.

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[–] Fleppensteijn@feddit.nl 10 points 1 year ago* (last edited 1 year ago) (1 children)

I had a look and it so happens there are 2 properties for sale within a few hundred meters from me.

€ 200,000 for a one room apartment of 46 mΒ²

€ 560,000 for a large apartment with balcony

The nearest house costs a bit over € 1.2 million.

I got lucky with a cheap apartment ~40mΒ² for € 662/month (which is almost as much as minimum wage here btw). Renting till I die I guess 🀷

[–] novibe@lemmy.ml 2 points 1 year ago

This sounds exactly like where I’m at lmao

[–] kier@lemmy.world 10 points 1 year ago* (last edited 1 year ago) (1 children)

Argentina

Houses and small apartments between 40K and 100K (USD)

Salaries are on average 180~250 USD

Rent is between 60 and 130 USD for one person.

[–] thisbenzingring@lemmy.sdf.org 6 points 1 year ago (1 children)

That sucks! I feel for you and your fellow Argentinians.

Does a typical football match cost a lot? I have always wondered that about the game in some of the countries where it is the most popular sporting event. How many professional leagues are there? Do you have a favorite?

[–] kier@lemmy.world 7 points 1 year ago (1 children)

Mate, I really don't know anything about football haha, don't watch it at all, sorry to disappoint you.

[–] thisbenzingring@lemmy.sdf.org 3 points 1 year ago (1 children)
[–] kier@lemmy.world 3 points 1 year ago

you will have better luck asking guys here. usually all of them have a team that they adhere to

[–] Saraphim@lemmy.world 8 points 1 year ago* (last edited 1 year ago)

Ontario here. The numbers they report are the β€œaverage” but I call bullshit. Reality Average one bedroom apartment $2500, 2 bedroom basement $1800. Utilities extra. Buy a townhouse $700-$1m. Detached $1m+. We are so fucked.

To be able to afford a 1 bedroom apartment one person must make around $80k a year. If you want to purchase a house, we’ll good luck unless your household income is over $200k and even then you’ll be scraping the bottom of the price barrel.

[–] colonial@lemmy.world 7 points 1 year ago

I'm in a college town, so... it varies wildly. You could probably rent a crack shack 10 miles from campus for basically nothing.

The floor for rent at a "decent" place is probably at least a grand. Actually buying a house? Who the fuck knows, but it'll definitely be obscene.

My university-owned apartment is $600 with a roommate, which is honestly a pretty good deal considering that utilities (including gigabit Ethernet!) are included.

[–] ag_roberston_author@beehaw.org 7 points 1 year ago* (last edited 1 year ago)

Houses: 2.5 million+

Townhouses: 1 million+

Apartments: 750k+

Median (individual)Income: 39k (post tax)

Inner eastern Melbourne, Australia. Properties are bought by Chinese investors (not racist, stating a fact) for AU$1-2 million, demolished, replaced with McMansions, sold for over AU$4 million. Within ten years these garbage concrete boxes are cracking and falling apart.

Some suburbs look like McMansion ghettoes and are completely out of reach of ordinary people.

[–] SolNine@lemmy.ml 5 points 1 year ago

Small houses in most Florida Metro areas are in the 400k range... Multiple 3/2s in the 1500sq range are 500k+

[–] DJDarren@beehaw.org 5 points 1 year ago (1 children)

The house I rent for Β£1100 a month would cost somewhere in the region of Β£250k to buy, putting it firmly out of my ability, despite the mortgage payments almost certainly being lower than my rent.

[–] jaackf@lemm.ee 3 points 1 year ago

Crazy isn't it. We're looking for 'cheap' houses in our area for Β£300k-Β£400k... Help

[–] Yondoza@sh.itjust.works 4 points 1 year ago* (last edited 1 year ago)

About 2x the cost as it is elsewhere! Also roughly half the price as somewhere else. I'd say generally housing in my area goes around market price.

[–] ScotinDub@lemm.ee 4 points 1 year ago

Feel like numbeo is a good resource for this. Here in Dublin, Ireland it's horrendously expensive

[–] Thorny_Thicket@sopuli.xyz 4 points 1 year ago (1 children)

Typical house is around 200 to 500k€. Mine was just 100k because I settled for a smaller one.

[–] finestnothing@lemmy.world 1 points 1 year ago (1 children)

SW Ontario, Canada

$75K is a decent salary

4 bedroom house in a nice suburb: $750K-$900K

Townhouse in a a nice suburb: $650K-850K

You can get smaller houses in less desirable neighborhoods for $400K

[–] stealth_cookies@lemmy.ca 4 points 1 year ago

A 600 sq.ft condo is about $850k. On the standalone house side an older 2000 sq.ft house goes for over $2 Million.

[–] arcrust@lemmy.ml 4 points 1 year ago

Late last year I bought a house. 1 hour from work because I couldn't buy a house closer. It still cost 499k for 1480sq ft. My mortgage is $3600/mo

Moving closer to work and I couldn't find any similar sized homes for less than 750k and those were fixer-uppers.

[–] finestnothing@lemmy.world 3 points 1 year ago

Too damn high. Wife and I are trying to get a house since we have a baby on the way, but the only stuff we can even hope to afford is 300k (below that is low income restricted 99% of the time) but with that we would only get a super dated, small, condo or a smaller more dated house. With how old the houses are, chances are good that the electrical and other systems would need a lot of work too.

[–] dandroid@dandroid.app 3 points 1 year ago* (last edited 1 year ago)

Depends on where in the country. I used to live in the Bay Area where buying a house - even a starter house - was completely unattainable, even for those that make way above the median salary. I'm a software engineer that made a shitload of money off of the sale of a startup that I worked for, and I would have needed to make more than double my salary and buyout money to afford a starter house there. So I moved to a cheaper area.

[–] bermuda@beehaw.org 3 points 1 year ago

Me and 2 roommates are splitting a 3b/1ba for $2500/mo.

Square footage total is less than the living room in the house I grew up in.

[–] Sneptaur@pawb.social 3 points 1 year ago (3 children)

Living in Seattle Washington, a nice 2 bedroom condominium goes for anywhere from 200,000-1,000,000 or more.

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[–] Scew@lemmy.world 3 points 1 year ago (1 children)

1/5th of my annual income with a degree and 6 years degree related experience. It'd be less if I could save up a down payment and get a mortgage.

[–] Takumidesh@lemmy.world 2 points 1 year ago

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.

[–] Mambert@beehaw.org 2 points 1 year ago

Too much

US

[–] Echo71Niner@lemm.ee 2 points 1 year ago

$2000 bach. $2700 1bdrm $3200 2bdrm

[–] Dogeek@sh.itjust.works 2 points 1 year ago

About 15k€ per square meter. I live in Paris, France. I eventually could afford a 20 square meter studio appartement, and I'm in the top 10% of earners.

The rest of France varies wildly, you could get a small house in the middle of nowhere for 150k,but parisian real estate is way out there...

[–] Today@lemm.ee 2 points 1 year ago

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.

[–] Sentientted@monero.town 2 points 1 year ago

200k-250k for a 2 bed and bath in the southern US

Washington State USA is expensive. I have lived in Seattle and Spokane. Both were affordable until the last 10 years and now most prices have doubled or more. The house I purchased in 2019 was $500k and the current value from some of the real estate sites puts it at almost $800K in less then 5 years.

Total bullshit but thankfully I love the house and I made out like a bandit when I purchased very low and sold very high on my first house, to be able to afford this house. It will be my forever home so I can't complain too much. Expect that when the city thinks the house is worth $800k, my taxes will reflect that even if its not worth that much.

[–] berkeleyblue@lemmy.world 2 points 1 year ago

Switzerland, We pay 2’410 CHF in Rent for a 4.5 Room appartement near Zurich (Winterthur). My Wife and my wage combined gets us to about 10k a month in income.

[–] FluffyPotato@lemm.ee 2 points 1 year ago

Apartments are about 40 000 for like a really tiny one, around 100 000 for a 50 m2 one. Median income is like 2200 euros per month.

[–] nonearther@lemmy.ml 2 points 1 year ago

Unaffordable to a point that I can't even think about it - anywhere in London

[–] ArmokGoB@lemmy.dbzer0.com 2 points 1 year ago

A studio apartment is $3,000 a month.

It depends on the state. Here it's a couple hundred thousand.

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