25 Aug 2024 7:36 pm
any half wit knows why the median price of home in san jose are $1,467,000.00. what caused it. and the solutions. i moved to los gatos in 1951. saw the KNOW. exited in 2001. and the governments across usa are now copying the santa clara county plan of making homes unaffordable for labor.Fuelman » 25 Aug 2024, 9:39 am » wrote: ↑ It sure has become more difficult for families to get a home these days!
The income needed to purchase a home varies greatly based on location and other factors, but as of February 2024, the minimum income required to buy a home in the United States was around $106,000 to $116,000. This is up from 2020, when a household earning $59,000 could afford a typical U.S. home with a 10% down payment. In February 2024, the median-priced home was $402,343, and Americans needed an annual income of $110,871 to afford it. In San Jose, CA, where the median home price is $1,467,000, homebuyers need a salary of $361,000