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That’s pretty crazy. I have almost $90 an hour and I can’t afford to buy a house either right now.
Edit: although I only about $26/h as my actual salary so that might be why.
I have been living in Philly for a decade now, and in that time, I am not sure I have seen a single new house go up for less than $500k. Everything in the $50k-$300k range has been either an ugly condo or old track housing from the post-WW2 period.
Yeah man it’s rough in the city. I also really don’t want to live far away, so… 🥲
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It’s possible that they live somewhere very expensive where 300-400k homes don’t exist
The answer to your statement likely requires knowing where OP lives. There are many locations in the US where 400k houses do not exist.
I corrected my salary. I am a consultant and I get around $89/h, but I take out about $26/h as my actual salary and save the rest for when and if I’m out of work for a time. So there you have it.
I also live in the city where houses are like 500-800k. 👍
Jesus Christ. I guess you know everything about their finances to just throw that shit at them huh.