My niece and her boyfriend are both pharmacist.
She makes $150,000 and year and he $180,000 and they can't afford to by a house. Still looking.
Because a decent starter house on Long Island is about $600,000 now.
You have to be doing even better financially to afford that.
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350k is plenty of income to purchase 600k home. Your niece and her BF don't have an income issue but a savings one.
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Tell them to move to Texas, San Antonio will pay the same salaries and for $600,000 I can get the a brand new home with 3,500 sq ft and a 3 car garage...
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With escrow this payment would be $3500/month! If they can’t afford to buy a house for $600k, they might have an issue managing money! Plenty of income!!
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That’s baloney. I know tons of people that makes way less and able to afford such house. 180k alone will get you a house for that price. Has to be DTI or maybe they are street Pharmacist 👀 Jesse Pinkman And Heinsenberg? Tell them pay cash for it
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It’s tough, people don’t understand, that when you’re in certain areas, your limited. My first home was the worst in the neighborhood at $22k, but doing my own work sold it 10 yrs later for $60k. My wife refused to go in to look at it.
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