37 - Exploring Housing Costs in the USA - How Much to Earn to Stay Below 30% of Income

Are you ready to confront the hard numbers behind America's housing insecurity crisis? We're peeling back the layers on a staggering shortage of over 7 million affordable rental homes and the economic aftermath of a global pandemic that's left families teetering on the brink of homelessness. This episode is your guide through the maze of mortgage calculations, homeowners insurance, and what it takes to keep a roof over your head without tipping the scales beyond 30% of your income. Whether you're in the market for a home or just trying to understand the complexities of the current housing situation, we've crunched the numbers so you don't have to.

As we navigate the practicalities of affording a home in today's market, we dissect what a median-priced house really costs when you factor in insurance, interest rates, and that crucial minimum down payment. If you've ever wondered what salary you'd need to maintain housing costs below that critical 30% threshold, both before and after taxes, we've got answers. Join us for an eye-opening discussion that cuts through the financial fog, armed with insights and calculations that could be the key to unlocking your path to secure housing.