Rants and Gems #130Home Buyers Need a Salary of $150,000 in These 6 States

Rants & Gems Real Estate Podcast

EYL Network

Business, Investing

4.9 • 1.3K Ratings

🗓️ 11 April 2024

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Home buyers need to be earning more than $150,000 annually to afford a median-priced home in six states across the country, as well as the nation's capital, according to a recent analysis by consumer financial services company Bankrate.

California requires the highest salary, where would-be property owners need to be earning $197,057 per year to buy a typical home, followed by Hawaii ($185,829), Washington, DC ($167,871), Massachusetts ($162,471), Washington state ($156,814), Colorado ($152,229) and New Jersey ($152,186).

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Transcript

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0:00.0	At Parker, our purpose is simple.
0:02.6	We want to make the world a better place,
0:05.2	by working more efficiently, by using more sustainable practices,
0:09.7	by developing better technologies,
0:12.0	we keep moving forward.
0:14.3	With each new idea, innovation, and partnership, we're one step closer to fulfilling our purpose
0:20.9	every single day. To find out more,
0:24.0	visit Parker.com slash purpose.
0:27.0	Parker, engineering your success. The Oh, What's?
0:55.0	number 5-8-7-M-LS number 5-7-0, better known as M.G. The mortgage guy. We are live, we are blessed. Thank God for another day.
1:07.0	We are live, we are blessed, thank God for another day.
1:10.0	All right, you know the Vobs, MG Bookstore.
1:14.0	Go pick up the books, outside economics, the real estate investors,
1:18.0	manifesto, each book less than 100 pages to get your game on track, not your wig pushed back in these real estate streets.
1:26.3	Also, join Morggus Academy.
1:28.5	Mg Mortgage Academy.com joined today.
1:31.5	Go to M MGM Mortgage Academy.
1:32.9	So, all right.
1:35.2	Realtors, you already know the vibe.
1:38.6	Tapp in, what city, where you from, what market,
1:42.3	where you're selling your houses at.
1:44.4	Who are you?
	...

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