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Over half of Americans say they're not even close to financial freedom
(scrippsnews.com)
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this post was submitted on 24 Aug 2023
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I finally got a job that broke six figures.
Housing boom made houses twice as expensive in five years. Monthly grocery bill doubled. Renting doubled. Cost of cars doubled. Every day expenses doubled.
My partner and I make over $300k, and we're struggling to buy a 4-bedroom house on the outskirts of Orlando, FL.
As someone who lives in Florida I've got to ask, how? When thinking about finances and investments I often feel like I'm in my own bubble and I don't understand other peoples' situations, motivations, etc. So I'm genuinely curious. 4-bedroom houses near Orlando can be found in the mid 300s. With your income you should be able to pay in cash after saving for just one or two years (depending on how much savings you're starting out with). Even if you wanted something more expensive, are mortgages that difficult to get approved even for someone with such a high income?
holy crap. 300k for 4 bedrooms. no wonder people risk the storms.