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Originally Posted by Cannon Shell
Honestly the example you give is hardly typical. These people are screwed not because the rich are keeping them down. They are screwed by living in an extremely expensive area. I just dont what exactly this shows except you better be damn rich to live in Fairfax county
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Okay, lets look at the national median household income then and check out the cost of living for a family of four. Are things that much different?
Lets say you cut the sales price down to 300k. Your monthly payment is still going to be 2300 dollars. And remember, the median income will be LESS than my example.