Housing Bubble 2: Return of the Ugly

271 readers

169 users here now

A community for discussing and documenting the second great housing bubble.

founded 5 months ago

MODERATORS

SeattleRain

What a family of four is required to make to live comfortably (lemmy.world)

submitted 4 months ago* (last edited 4 months ago) by SeattleRain to c/housing_bubble_2

44 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Wwwbdd 0 points 4 months ago* (last edited 4 months ago)

No kidding. I picked a random city in Michigan, found a nice house, new build for $390k. Mortgage is 2,652/month, which leaves $75,176 for necessities. Barely $6000/month for food, electricity and the lease on two lexii? That's not living

Ok, even if I take out income tax with no tricks to bring it down, take home is 160k. 80k/year on necessities, 48k after housing is taken out. 4000/month for utilities, food, car and gas? There's no sense breaking down a "comfortable" budget of necessities after that, this whole thing is out to lunch, as far as Petoskey Michigan is concerned