▲ 519 ▼ 'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap (finance.yahoo.com) submitted 2 years ago by return2ozma@lemmy.world to c/news@lemmy.world 264 comments fedilink hide all child comments
[–] vxx@lemmy.world 6 points 2 years ago (2 children) Isn't a mortgage as high as your whole salary for 10 years unwise from the get go? permalink fedilink source parent hideshow 4 child comments replies: [–] GBU_28@lemm.ee 17 points 2 years ago In general yes, but many many people are doing this to attempt a "normal" home the likes of which they grew up in, and that they themselves want to raise a kid in. OR consider a household where 2 incomes of around 150 were earned when the house was purchased, but now one earner is not earning appreciably any more...maybe a stay at home parent or illness or whatever. Again just saying some possibilities, not the normative experience. permalink fedilink source parent [–] asterfield@lemmy.world 1 point 2 years ago I guess the rough reality is that some people want to live where their family lives but can’t easily afford it. I don’t know how far you need to live from SF for prices to return to reality, but I suspect it’s a 1h+ drive permalink fedilink source parent
[–] GBU_28@lemm.ee 17 points 2 years ago In general yes, but many many people are doing this to attempt a "normal" home the likes of which they grew up in, and that they themselves want to raise a kid in. OR consider a household where 2 incomes of around 150 were earned when the house was purchased, but now one earner is not earning appreciably any more...maybe a stay at home parent or illness or whatever. Again just saying some possibilities, not the normative experience. permalink fedilink source parent
[–] asterfield@lemmy.world 1 point 2 years ago I guess the rough reality is that some people want to live where their family lives but can’t easily afford it. I don’t know how far you need to live from SF for prices to return to reality, but I suspect it’s a 1h+ drive permalink fedilink source parent