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To be fair, I live in a low cost of living area and having purchased a house this past January, if I dropped to 130k I might be paycheck to paycheck after a while. Which, granted is lower than the survey.
This being said, my mortgage payment is only $50 more than what my rent was about to increase to, because landlords are the devil.
I also didn’t get a big house, it was well under the national average for cost and size, very much a “starter house”. But still over 300k, because housing is a nightmare.
To be fair, I live in a low cost of living area and having purchased a house this past January, if I dropped to 130k I might be paycheck to paycheck after a while. Which, granted is lower than the survey.
This being said, my mortgage payment is only $50 more than what my rent was about to increase to, because landlords are the devil.
I also didn’t get a big house, it was well under the national average for cost and size, very much a “starter house”. But still over 300k, because housing is a nightmare.