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0 0 0.00112296462661424 0.00393037619314993 0.00729927007299264 0.00336889387984271 0.00393037619314993 0.00280741156653549
Stock impact report

7 Ways To Avoid Being ‘House Poor' In a Tight Housing Market [Yahoo! Finance]

ZipRecruiter, Inc. Class A (ZIP) 
Company Research Source: Yahoo! Finance
tight housing market, where elevated home prices combine with high interest rates , that's not always possible. Check Out: Housing Market 2024 — Home Prices Are Plummeting in 10 Formerly Overpriced Housing Markets Read Next: Become a Real Estate Investor for Just $1K Using This Bezos-Backed Startup According to data from California's Legislative Analyst's Office , monthly payments on a “typical” California home with a 30-year mortgage and 10% down payments are $5,500. That means to afford a home based on the standard formula, you'd need a monthly gross income of at least $19,650, or $235,800 per year. The average annual salary in California, as of May 2024, is just $62,007, according to ZipRecruiter. Even if you double that for a two-income household, it doesn't approach what's needed to buy a home. Granted, housing costs in California are higher than in many other states. But, buyers all over the country face similar challenges in finding affordable housing. Fortunately, wi Show less Read more
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