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Updated almost 10 years ago on . Most recent reply

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Charles Worth
  • Investor
  • New York City, NY
417
Votes |
808
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The salary you must earn to buy a home in 27 metros

Charles Worth
  • Investor
  • New York City, NY
Posted

I found this report interesting and it speaks to the affordability of many markets as well. 

http://www.hsh.com/finance/mortgage/salary-home-bu...

There were also some surprises at least for me. For instance, Ohio was more affordable than Detroit and Atlanta is still affordable despite the fact that most posts I have seen seem to imply it has already run up. Obviously, using the median home price is dangerous for some markets as many metro markets have good and really bad areas but it still might be interesting. 

Most Popular Reply

User Stats

808
Posts
417
Votes
Charles Worth
  • Investor
  • New York City, NY
417
Votes |
808
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Charles Worth
  • Investor
  • New York City, NY
Replied

@Ken T.

 There are so many factors that could influence this. For instance, its not comparing sq feet just median price, payments and salary so you likely get more for your money in LA even if the median price might be higher.  As I said I would think it would be tough to say which market is really more affordable between LA, SF and NYC due to the factors in each and that salary is probably not the best mesure. 

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