this post was submitted on 12 May 2024
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Housing Bubble 2: Return of the Ugly

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What a family of four is required to make to live comfortably (lemmy.world)
submitted 6 months ago* (last edited 6 months ago) by SeattleRain to c/housing_bubble_2
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[–] TheFonz 4 points 6 months ago* (last edited 6 months ago)

I have to take your comment with a grain of salt since you're not defining what 50% equates to or where you live currently.

My wife and I (+2 children) are currently in Europe and we're looking to relocate back to the US (were American).

We calculated our combined income would total around 160k before taxes and after doing a bare minimum budget (basic 1000sq ft apt for rent in second ring suburb in Minnesota; one shared used car) we decided it just wasn't feasible. Between daycare and health premiums (which would total around 2,200/mo) there was no way. Could we afford it? Sure, but we would be two paychecks away from homelessness.