Home › Forums › Housing › Buy now? › Beebo, you’re missing the
Beebo, you’re missing the point. At today’s prices, a typical single family detached home in the IE is running $1400 a month in TAXES, Insurance, Mello Roos and HOA payments.
That $1400 is $16,800 a year in TAXES and fees. It is in Riverside, where the median household income is less than $56,000 a year.
That means Taxes and HOA fees alone on these houses exceeds 30% of the Gross median family income for the county.