MSN Money - Extra: Even affordable housing increasingly out of reach
It’s getting more and more difficult for ordinary Americans to afford a home. Home prices have been sky-rocketing upwards while salaries have remained stagnant. Many Americans just can’t afford to purchase homes on the salaries they earn. This article lists the 50 least affordable cities in the United States.
Orange County, California is number two on the list! The median price of a home in OC is now $657,000. You’d need to earn more than $200,000 a year to be able to afford a home. I guess only the Cohens can afford a home in OC.
The article also links to this Web site that shows the affordability of housing in different cities for different occupations. You can see how much you’d need to earn in your city to be able to afford a home or rent. View the scenario for 5 pre-selected occupations or choose your own occupations (up to 10).
Orange County, California is number two on the list! The median price of a home in OC is now $657,000. You’d need to earn more than $200,000 a year to be able to afford a home. I guess only the Cohens can afford a home in OC.
The article also links to this Web site that shows the affordability of housing in different cities for different occupations. You can see how much you’d need to earn in your city to be able to afford a home or rent. View the scenario for 5 pre-selected occupations or choose your own occupations (up to 10).
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