• Cheers
    link
    fedilink
    English
    arrow-up
    7
    ·
    1 year ago

    Who determines “afford”. Avg house is $400k, including rural America. 7% mortgage rates right now is basically 28k per year to interest.

    115k means you lose about 35% to taxes. 74k take home means about half your annual just goes to interest. Afford isn’t the right word here.