Posted on 12/16/2019 6:37:54 PM PST by GuavaCheesePuff
NEW YORK — Many New Yorkers may dream of buying a home, whether it's a Brooklyn Heights brownstone or an almost suburban house in eastern Queens. But a new report suggests housing is unaffordable for the typical worker in all five boroughs.
In the report published Thursday, ATTOM Data Solutions crunched housing and wage numbers for 473 of the nation's more than 3,000 counties nationwide. It determined affordability by assuming a 28 percent maximum "front-end" debt-to-income ratio. That means a buyer purchasing an affordable home would not be spending more than 28 percent of their income on house payments including insurance, mortgage and property taxes.
(Excerpt) Read more at patch.com ...
As interesting as it would be to live on the Upper West Side the only part of NYC I’d consider is Staten Island. OTOH I wouldn’t mind Connecticut.
Staten Island, some parts of Queens/Brooklyn are nice too.
Are you kidding? Upper West Side with all those commie liberals?
Pretty simple.
All very true! My former downstairs neighbors have 3 kids under 5, in a one-bedroom apartment. They are dying to buy a house, but she doesn’t work and he rents out apartments as a realtor. My instinct tells me it ain’t happenin’ for them any time soon. One bedroom apartments are selling for $250K and up around there.
Depending on NYC borough, median house price is $0.5-1.8M
That will get you a nice lakefront McMansion 30 minutes from Atlanta.
The DaCommie Urban Utopia is NOT?
Whoda guessed...
Free Parking is a vastly underrated part of making America GREAT.
YMMV...
At least Billings has a TDA Brick and Mortar office.
https://www.tdameritrade.com/locations/mt/billings.html
I live in western Missouri. At $250,000 you can buy a 3 bedroom 2 full bath ranch. That is with an unfinished full basement and large attached 2 car garage. I bet my taxes are much lower than what that couple would have to pay. Living in these high tax states is unfair and the taxes criminal. But you get the government that you vote for.
Vote? You said vote? The wife never bothered to register to vote and has absolutely zero knowledge of the issues or candidates. The husband might be registered to vote (although I wouldn't bet on it) but I know he hasn't voted for a couple of years at least. In NYC, most people don't seem to vote and candidates win simply by belonging to the group who has the most people who bother to show up at the polls.
Any home with property taxes over $300 per year is slavery for State pension rackets.
They be stealing your home.
Hmmmn. Used 3100 sq foot, 4 bedroom, 3 bath house. $225,000.00 off of I75 about 20 miles outside of Atlanta.
Exactly.
And, don’t elect commies, for Mayor and Gov.
Don't know if you're referring to Connecticut...God knows that there's no free parking in Manhattan (or Staten Island).
I love Greenwich...sometimes on a nice day I'll take a drive down there and walk around while thinking about how my life might have been different if I had paid closer attention in school.
Parking for your car, at a NYC apartment is almost as much as your rent/month.
$300 a month??? Mine’s double that, for an 1800 sf house on 0.24 acres, and it’s low for the county I live in.
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