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FIND YOUR DREAM HOME OR APARTMENT
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That town is set to getcha.
Much better rule of thumb - you can afford (and have a life) if your house is double your yearly salary.
$50K salary/$100K house
Any more than that and you're going to be struggling.
Maybe in 1990 you could buy a house in those cities at those salary levels. the stock photo from Cleveland is circa 1990. Maybe this is a pre-internet era article?
I bought a house 10 years ago in Cleveland Heights for $132k on a salary of $37k. Money was tight initially, but my salary grew dramatically; no problem. Now it is a great rental property ($1400/ month rent vs $800 mortgage and taxes) and I have moved onto a larger house. The original house is only valued at $115k now, but it is no longer decreasing in value.
It is very easy to find 2-3 bedroom houses for $75k in Cleveland Metro area, especially in older well located suburbs.
What is the point of an article like this with salary estimates when they have to put a discalimer at the end that says.
"There is no doubt that your income will need to be much higher, possibly even double or triple these levels to cover the needed taxes, insurances and other expenses to live in the home, plus any other debts you might have.."
Again, an absolute joke.
Realtors are pimps, and they never stop pimping the worth and affordability of housing to generate their undeserved commissions.
Generally speaking, realtors are at the last stop on a long list of failed occupations when they land in realtor school. There they get the training to ensure that the people they sell to are manipulated and deceived by fake appraisals and a mortgage process that nobody can explain. That is how they make their money.
These articles are a combination of lies and fantasy intended to line their pockets without them actually doing any work, a realtor's dream.
25k a year is not enough to buy food that contains real meat, cheese and vegetables versus the "mechanically processed chicken" and "processed cheese-like product", much less own a house.
I think those numbers are: "the raise you need to get on top of your current income to afford a house".