I came across a startling statistic the other day that basically outlines if you make $70k/year, you can no longer "afford" to own a median priced house in the United States today. The reason why this is alarming is because the average American household income is not much higher at only $88,000 but the median is only $62,000. And then of course many households make much less than this dwindling their chances of ever owning a home with housing prices where they are today.
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