Quote:
Originally Posted by irishgrl
so, just curious: those of you that live over there, what do you earn in a month? and how much of your paycheck goes to pay for gas? and how much for your mortgage?
In CA (for the most part), it takes two incomes to afford a home. and only after creative financing. (ie adjustable mortgage rates which are EVIL)
ps: $250 - $500k for a house is considered REASONABLE in CA.
here is a link to a state by state comparison of house prices, circa 2006:
http://money.cnn.com/2006/09/26/real...ment/index.htm |
I know for myself and my husband it has taken 2 incomes to afford a home and everything else. The monthly outgoings are hefty if you add in all the bills. Not sure how things will be when I'm a single parent! We have a huge mortgage right now... around £1200 a month ($2406). Our house is currently for sale for £250,000 ($501,000). It's a 4 bed house but as it's in need of some modernisation the price is cheaper. We were told it would have been on for around £325,000 ($652,000) if it wasn't in need of work. We are north of London... start going south of us and the prices rocket up even more. Everyones circumstances are different. I do know that first time buyers are finding it a real problem to get on the housing ladder.