[JRandomFreeper]

Not if you pay cash.

/johnny

[Diana in Wisconsin]

Who the feck WANTS to live in Detroit? ;)

I’m very happy on My Little Farm. Payin’ her off just as fast as I can, Cap’n! :)

[digger48]

One can’t afford those mortgage payments on those salaries once you figure in the price of Health Insurance these days.

2008, my mortgage - $613...Insurance $350

2014, my mortgage - $613...Insurance $1,017

On the same income

[Ghost of SVR4]

Then there is PMI, Escrow taxes, Home Owners Insurance.
Those “payments” look to be raw mortgage, not all the extra’s that is needed monthly.

[JennysCool]

These salaries would be AFTER taxes, I’m assuming?

[ThomasThomas]

This is one of those accurate but not true stories. This is what you need to make to buy a median priced home in these cities. Most of the houses will be less than the median priced house. In Detroit there are areas that almost give away homes.

[SamAdams76]

We did this a few weeks ago. This will be the thread that people will chime in about how their home only cost $43,000 and that all those people in places like New York and San Diego are fools for living there and paying those kind of prices.

[workerbee]

If the “salary needed to buy” is what the bank/mortgage company tells you you can afford, add at LEAST another 50% to that salary to get the “reality” of what it costs.

#6 Washington D.C. median price $389K — yeah, right. Nowhere you WANT to live. And you damn sure better make a LOT more than $82K to afford THAT!!!