You need to make almost $360k/year as a family to afford $1.5 million dollars, if you can call it “affording it.” And that’s after you save up more than $300k for the down payment and closing costs. That puts these basic family homes out of reach for all but a sliver of the wealthiest Americans, and that’s not unusual in many parts of the country these days. The Marie Antoinette tone of these articles and comments, ignoring  the obvious problem punishing most of the country economically at this point (via housing costs), is concerning. I wish people took this more seriously.

You need to make almost $360k/year as a family to afford $1.5 million dollars, if you can call it “affording it.” And that’s after you save up more than $300k for the down payment and closing costs. That puts these basic family homes out of reach for all but a sliver of the wealthiest Americans, and that’s not unusual in many parts of the country these days. The Marie Antoinette tone of these articles and comments, ignoring  the obvious problem punishing most of the country economically at this point (via housing costs), is concerning. I wish people took this more seriously.

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