10 Most Overpriced Real Estate Markets. Can you Afford the Most Expensive Real Estate Markets?
Have you ever wondered what kind of money you need to make to afford a house in the United States' most expensive major cities? I know I have. I have also wondered how much it would take to buy all the cheese at a grocery store. Like all of it. From Cheddar to Limburger Cheese. Let’s say you just want to buy a house and no cheese. Can you afford to buy a home in the big cities with the highest real estate prices?
How did we figure this out? We went and found out what the median home price was in the first quarter of 2022. Then we looked at the avg. mortgage rate 30-year fixed rate mortgages and available property tax and homeowners insurance costs to determine the annual salary it takes to afford the base cost of owning a home. This video is alarming and depressing all at once.
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