Many Americans who live paycheck to paycheck blame debt

Re:Many Americans who live paycheck to paycheck blame debt by evancox100 on Saturday July 20, 2019 @04:17PM (#20488089)

Do you live in Silicon Valley? That might skew your perception a bit. Median income is around $60k, and median house price is $220k. With a couple assumptions that comes out to around 20%

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Re:Many Americans who live paycheck to paycheck blame debt by mikeash on Saturday July 20, 2019 @04:20PM (#20488106)

I do not. 20% is more plausible. The gap between 15% and 20% is high.

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Re:Many Americans who live paycheck to paycheck blame debt by kgwgk on Saturday July 20, 2019 @04:39PM (#20488229)

Note that most people currently paying a mortgage has not bought at current prices.

And with the reasonable assumption that high-income households are more likely than low-income households to buy a house in any given year, we can expect the buyer of the median house to have better-than-median income.

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Re:Many Americans who live paycheck to paycheck blame debt by mikeash on Saturday July 20, 2019 @07:46PM (#20489006)

It makes more sense when you put it like that. The average mortgage holder has a 2019 salary but probably only a 2010 mortgage. (Or whatever bygone year is correct.)

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