https://republicanwatch.com/middle-clas ... s-america/
The American dream of owning a home is increasingly out of reach for middle-class families. Creditnews Research has issued a report showing that middle-class households can only afford to purchase homes in 52 of the top 100 U.S. metros this year — a sharp decline from 91 metros just five years ago. For households classified as lower middle class, affordable housing is available in only seven of the top 100.
The research reveals that unless a household earns over $100,000 annually the possibility of homeownership in 41 of these top metros is simply out of reach. In cities like San Jose and San Francisco, the required income soars beyond $300,000, making these areas almost exclusively available to the wealthiest purchasers.
This is what happens when compassionate Democrats run things. They help the poor by making more people poor.
The American dream of owning a home is increasingly out of reach for middle-class families. Creditnews Research has issued a report showing that middle-class households can only afford to purchase homes in 52 of the top 100 U.S. metros this year — a sharp decline from 91 metros just five years ago. For households classified as lower middle class, affordable housing is available in only seven of the top 100.
The research reveals that unless a household earns over $100,000 annually the possibility of homeownership in 41 of these top metros is simply out of reach. In cities like San Jose and San Francisco, the required income soars beyond $300,000, making these areas almost exclusively available to the wealthiest purchasers.
This is what happens when compassionate Democrats run things. They help the poor by making more people poor.
statistics: Posted by Rebcop — 5:23 AM - Today — Replies 1 — Views 14