Only 8% of households can afford a single-family home in Broward County, Florida

Arizax2

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Just a reality of the housing market and economy. A lot of places out here in So-Cal you're not getting a decent house below 750,000. Even at that price you probably need to make 250K to keep it at 20% of take home. For those who got it like that, more power to them

I get what your saying. I actually moved from NJ to PA because I refuse to pay the ridiculous taxes on a home. What I paid for my house with alot of land and peaceful area would be in the middle of the hood in Newark. Obviously I traded that for the city life which is a big change but I've gotten use to it. It's unfortunate but if your getting priced out of where you're at you are going to have to make the shift. I'm close enough to NJ where I just commute to see family and friends. I like that I have the peace of mind knowing my house will be paid off well before I retire so it's a risk worth taking. In fact I've seen the shift taking place while being here for 5 years. More and more people from NJ and NY left to come over here. With that comes more diversity, and businesses. Home/land ownership matters stop wasting time and money staying in a neighborhood that priced you out.
 
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There's alot of people that do over 30%. I know a few. My mortgage is only 20% of my TAKE HOME pay. I had room to spend more on a house but why be house poor. I'm at a good place that I put in an extra $250 a month on the principal to pay off my loan years quicker and save on interest.
you probably in the top 5 percent as far has mortgage affordability
 
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Work from home means the south will not be affordable any longer.
Imagine getting NY or CA money while living in Miami :wow:
Miami hasn't been the cheap place to take your high salary to in quite some time. and now these Miami/phoenix/dallas type markets have inched closer to NY house prices. its ugly :huhldup:.


at least in NY you can save 1k or more (with current gas prices) by not having a car
 

Arizax2

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I know Dave is a nut sometimes but he's right and is saying exactly what I mean regarding my posts.

 

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Very large service economy and small market jobs. Of course money isn't enough to survive.
 
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