The USA is huge variation but in my county median household income is $70k, median home price is $370k. It’s a rural area but with 2 cities within 40 miles or so. In my location travel north and income and house prices increase, travel south and they both decrease. My mortgage including taxes and insurance is $1,200 per month.
I had a look and it so happens there are 2 properties for sale within a few hundred meters from me.
€ 200,000 for a one room apartment of 46 m²
€ 560,000 for a large apartment with balcony
The nearest house costs a bit over € 1.2 million.
I got lucky with a cheap apartment ~40m² for € 662/month (which is almost as much as minimum wage here btw). Renting till I die I guess 🤷
This sounds exactly like where I’m at lmao
Small houses in most Florida Metro areas are in the 400k range… Multiple 3/2s in the 1500sq range are 500k+
Absurdly high is what they are!
More than I have ever been able to afford for all of my adult life.
House is around 500k, median annual family income is 61.4k.
Too damn high, MURICA.
A 600 sq.ft condo is about $850k. On the standalone house side an older 2000 sq.ft house goes for over $2 Million.
Bristol, England.
A two bedroom house would probably set you back about £250k to £300k now. We’re the second most expensive city behind London now.
That’s not even a question that has one answer in my neighborhood, much less the whole city. And the whole US? Forget it.
Who mentioned the US?
OP: The original wording was “…in your country”.
You’re asking mostly people in the western world, a place besieged by a commodified property’s market. The landed gentry is returning, only this time by way of capitalism.
A nice house? Unattainable. A 90s RV? Possible.
Wage is 10k, house is 2m.
High enough that there should be full-on riots, and yet…nothing. Depressing silence. Everyone is just lying down and allowing themselves to be robbed.
