2373

I'm going to buy a House! (file.coffee)

submitted 1 year ago* (last edited 1 year ago) by sag@lemm.ee to c/comicstrips@lemmy.world

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[-] michaelmrose@lemmy.world 2 points 7 months ago

This is actually worse than it sounds 1 year of salary can be paid off in 2.5 paying the same amount someone pays for rent on their apartment. In 2.5 years you wont pay much in the way of interest. Over a 30 year mortgage paying the median home price of 388k means paying almost 3x the face value or roughly 1.1M or roughly 17 years of median income.

this post was submitted on 11 Sep 2023

2373 points (97.0% liked)

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