One of my siblings is going to school once a week, I think lockdowns definitely fried some brains.

  • ped_xing [he/him]
    ·
    edit-2
    1 year ago

    Average rent, 2000: $602

    Average teacher salary, 2000: $41,807

    Median house price, 2000: $119,600

    Months to save difference between recommended housing budget (30% of gross) and rent to afford 20% down-payment:

    (119600*.2)/((41807/12)*.3-602) = 54. If your 5-year plan is to have a house, you get there 6 months early (not really; teachers start at a lower wage)

    Average rent, 2023: $1372

    Average teacher salary, 2023: $66,745

    Median house price, 2023: 430,300

    Same calculation:

    (430300*.2)/((66745/12)*.3-1372) = 290.

    It's far harder to let some asshole kid push you over the edge when you're on the path to home ownership versus when that's either never going to happen or decades away.