scrapquitler
DIS Veteran
- Joined
- Aug 15, 2007
Our house cost approx 3/4 of one year of income.
So if your house cost $300,000, and your income is $100,000, your answer would be 3.
If your house cost $150,000 and your income is $100,000, your answer would be 1.5.
Forgive me, I'm not a mathematician, but this makes sense to me.
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I assume that your numbers are off by a factor of 1,000? Or 10,000?
If you choose option 1 (less than 0.25%) then, if you made $100,000, your house would have to be less than $250. What did you mean there. If someone's salary was 100,000, what would their house have to have cost to choose that option? Less then $250,000 (which would be 250%)? Less then $25,000 (which would be 25%)? I assume the first (25%) with the highest being more than 350% (so $350,000 house on a $100,000 salary) but not sure how to vote since I don't get your numbers.
I still want to meet the people paying $1m around here for tear downs. I still can't figure out why my neighbors get paid so much.
I agree the poll was nonsense.I assume that your numbers are off by a factor of 1,000? Or 10,000?
If you choose option 1 (less than 0.25%) then, if you made $100,000, your house would have to be less than $250. What did you mean there. If someone's salary was 100,000, what would their house have to have cost to choose that option? Less then $250,000 (which would be 250%)? Less then $25,000 (which would be 25%)? I assume the first (25%) with the highest being more than 350% (so $350,000 house on a $100,000 salary) but not sure how to vote since I don't get your numbers.
I agree the poll was nonsense.
We paid about 3x (300% ) our combined annual gross incomes for our home. I wish we lived in a market where it didn’t have to be that way.
I still want to meet the people paying $1m around here for tear downs. I still can't figure out why my neighbors get paid so much.
A few years ago my mother-in-law wanted to remodel and add square footage to her mother's house that was built and primarily stayed the same since 1953.not sure where you are/what incomes are like but even before/after the crazy high housing market people paid insane prices for teardown houses in an area near where we lived-it was b/c of the cost of new construction permits and surveys and such. it was less expensive to overpay for a crappy teardown and take it down to the bare minimum that that city required to qualify as a remodel than to start from scratch.
Back in the day, combined income = price of the house.
I'd hazard a guess and say that's the case generally speaking.That would be impossible here.