NY Times lists Pittsburgh as having some of the most affordable homes in the country as compared to household income. (https://www.nytimes.com/2022/12/15/realestate/where-are-the-most-and-least-affordable-homes.html)dementedturnip26 t1_j0jkkcw wrote
Reply to comment by DERBY_OWNERS_CLUB in NY Times lists Pittsburgh as having some of the most affordable homes in the country as compared to household income. (https://www.nytimes.com/2022/12/15/realestate/where-are-the-most-and-least-affordable-homes.html) by Far_Room23
53k median income with a199k median home price really isn’t that good….it’s just a commentary on the fact we are not as shitty as other places.
53k income buying a 200k home is a giant stretch. If you’re doing the 3.5% down for an FHA you’re looking at a 1430 monthly payment at a 6.61 APR. 53k yearly income means your’re probably taking home 3k a month? That’s the definition of paycheck to paycheck since that 1430 doesn’t include any utilities
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