How Much Home You Can ACTUALLY Afford in 2024 (By Salary)

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[Joshualibbyy]

Perfect. All I can afford according to this video is a camping tent and a bag of skittles

[AGallegos]

It’s not about how much you qualify for, it’s about how much you can comfortable afford!

[heyitsbroski]

Bought my home for 165k back in 2019. It's a 3 Br, 2.5 bath, 2 car garage, 2 story home, 2490 sq ft. I added a shed, and large storage building in my backyard. I make 70k and my monthly payment is $1425. My wife stays home and my daughter has never been to daycare. We aren't rich but we get by just fine. I do IT work so I am savvy enough to make money on the side using my tech skills. I have a raise coming in the upcoming fiscal year. Today, my home is valued at 270k and I live in Texas. The average household income in my area is 52k so I'm doing alright being the sole provider. I perform all the maintenance on our vehicles and do all DIY projects in our home. We are truly blessed.

[airtown]

I just bought a home for 225k at income of 60k a year and we’re pretty much living paycheck to paycheck so Bryan was spot on.

[icantsleep]

Depressing, that I cannot afford anything, but thank you for being real. We need that more often.

[SonOfGodzilla]

I just recently moved into a nice cardboard box behind my local liquor store. Before that I was living in a dumpster but squatters came in and took over. Fortunately I can take my box anywhere and not have to worry about squatters.

[randyarnold]

This dude works his ass off. And gives great insight and advice!

[crazeekids]

As someone who has been a homeowner for the past 25+ years, many people also have no realistic idea about the cost of MAINTAINING a home. This year alone, we have had to buy a new HVAC, a new refrigerator, landscaping work, and tile and grout cleaning. We have an ongoing list of items that need to be either maintained or upgraded. Everything is in the hundreds to thousands of dollars in cost. People need to factor this in as well.

[aimeekreutzer-malkawi]

Some of us are paying such high rent it’s almost impossible to save. What’s going on right now is crazy honestly

[scorchedpainter.]

"If you have an eighth grader handy..."

Damn Brian, never stop throwing truth bombs sprinkled with shade. I love it!

[Jose-syje]

I know several people who decided to spend on a bigger car and now live in there. The problem is that you can't do that as a family. But a larger car would save you a massive amount of rent each month. The American dream is over when it comes to housing.

[tg.]

So basically if you do not currently own a home you’re screwed. They really need to fix this situation ASAP!

[greeneyesfromohio]

Me and my girl make just short of $100, 000 a year combined….we just bought a home in December for $190, 000 with a 7.125% interest rate. We put $20, 000 down. My mortgage with EVERYTHING included (PMI, home owners insurance, property tax, etc.) is $1, 488 a month. Before that we were paying $1, 450 for a town home we rented! Crazy I know! On top of all the other bills we pay (car payments, car insurance, phone bills, utilities etc) we also pay $1, 000 a month in day care for our 8 month old baby girl….we afford all our bills no problem. Sometimes I’m not sure how but we do! We’re blessed and very thankful.

[ashleysbaby]

I purchased my house for $275k, salary was $67k at the time. Interest rate was 5%. Thank God, I have my brother living with me. I pay my mortgage and he pays all the other household bills. Otherwise I don’t think I could afford this house.

[karan]

Our household income is 260k/yr, Currently we are paying 2400/month, I can’t imagine myself paying $5833/month mortgage payment, its insane 🤯

[RN-gmhn]

His 8th grade math checks out, my son verified it. Also we are going through a home purchase and using the 28% rule, it is spot on. 1 of my favorite videos and helpful for those interested in keeping a budget.

[DR.Detroit]

280K in income, house is worth 400k/ owe 97K on a 2.9% interest rate with 5 years to go. Even though we can and sometimes have the urge to, we don't move up in home. the taxes are reasonable and we are in a desirable location.

[brahmaistrash.indiaisatoil]

Thats the reasons many Americans are moving ovrerseas. I moved back to my home country Algeria after living 15 years in the US. Living a relaxed life in a 3 bedroom luxury condo that i own. My monthly expenses are 1k a month

[delta-tuning]

I appreciate the text based presentation you used this time around. It's a lot easier to comprehend all the numbers visually rather than trying to frantically follow along with your words.

[ncaporal]

My husband and I bought a house in 2010- $80k- just outta college I didn’t have a job and he was in military. We paid it off in 10 years could’ve been sooner but wasn’t focused. We decided 3 years ago to move closer to schools, job etc and we bought a house right before interest rates got crazy! We got a newly renovated older home in a crap area (but closer to downtown) for $250k 3.5% Interest rate. We now live in one income $110k income due to childcare. Also our insurance and taxes have gone up each by at least $600 dollars. Which is a lot in one year. And to think it can go up again the way things are going!

But we were only able to do that because we chose to buy way under what they were lending us and we also want to afford travel and groceries comfortably for a family of 6. There’s no way we could afford a $400 k home and do everything we do now that make us happy like travel, eat out once a week etc.

So sad at one point our goal was to make $100k each but now that seems to be the mandate to be able what we were once able to do 10-15 years ago.