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Old 05-31-2015, 09:07 AM
 
Location: Dallas
31,290 posts, read 20,731,520 times
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Quote:
Originally Posted by ksoviero View Post
I'm going to assume that no one follows that, since to afford the median home price in Austin ($222,100), you would have to make $111,050/yr, which is no where near the median salary of $52,453...
You can't use those numbers to draw any conclusions. There are huge variations in those numbers that make them useless. For example, lots of million dollar homes have no mortgage and are owned by retired people with a very low income and lots of assets. Stuff like that makes median numbers useless.
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Old 05-31-2015, 02:57 PM
JH6
 
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Talk to a real mortgage broker, not a bank.

You will save a ton of money.
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