“43% Overpriced”

[NeetaT]

Actually, I mean from today’s median price. OK, I know this is over simplified, but here goes. I found out that the median household income is approximately $52,000.00 per year after taxes. After taking monthly expenses into consideration, a husband and wife would have at most $2,000.00 left over to pay a fixed mortgage. So with that in mind, the most they would be able to mortgage is $335,000.00 at 6.0% fixed rate which is 43% less than the median priced home in San Diego. I know my math is arbitrary, but it is the best I can do. I gave it a shot. I’m just reaching for any explanation to a perplexing situation that frankly drives me nuts.

[(former)FormerSanDiegan]

NeetaT –
Your implicit assumption is that median income households buy median price homes in San Diego.
Is this realistic ?

[(former)FormerSanDiegan]

NeetaT –
Your implicit assumption is that median income households buy median price homes in San Diego.
Is this realistic ?

[(former)FormerSanDiegan]

NeetaT –
Your implicit assumption is that median income households buy median price homes in San Diego.
Is this realistic ?

[(former)FormerSanDiegan]

NeetaT –
Your implicit assumption is that median income households buy median price homes in San Diego.
Is this realistic ?

[(former)FormerSanDiegan]

NeetaT –
Your implicit assumption is that median income households buy median price homes in San Diego.
Is this realistic ?

[RatherOpinionated]

If after-tax income is $52,000 per year, that is $4333 per month. You are saying that $2333 per month is used on “non-mortgage expenses” – is that the median amount?

What about median property tax and/or median HOA fees?

I have a median gardener, but he quit on me a few weeks ago.

sincerely your median troll,
[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[RatherOpinionated]

If after-tax income is $52,000 per year, that is $4333 per month. You are saying that $2333 per month is used on “non-mortgage expenses” – is that the median amount?

What about median property tax and/or median HOA fees?

I have a median gardener, but he quit on me a few weeks ago.

sincerely your median troll,
[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[RatherOpinionated]

If after-tax income is $52,000 per year, that is $4333 per month. You are saying that $2333 per month is used on “non-mortgage expenses” – is that the median amount?

What about median property tax and/or median HOA fees?

I have a median gardener, but he quit on me a few weeks ago.

sincerely your median troll,
[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[RatherOpinionated]

If after-tax income is $52,000 per year, that is $4333 per month. You are saying that $2333 per month is used on “non-mortgage expenses” – is that the median amount?

What about median property tax and/or median HOA fees?

I have a median gardener, but he quit on me a few weeks ago.

sincerely your median troll,
[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[RatherOpinionated]

If after-tax income is $52,000 per year, that is $4333 per month. You are saying that $2333 per month is used on “non-mortgage expenses” – is that the median amount?

What about median property tax and/or median HOA fees?

I have a median gardener, but he quit on me a few weeks ago.

sincerely your median troll,
[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[NeetaT]

NeetaT –
“Your implicit assumption is that median income households buy median price homes in San Diego.
Is this realistic ?”

“Probably not” OK, someone else give it a shot.

[NeetaT]

NeetaT –
“Your implicit assumption is that median income households buy median price homes in San Diego.
Is this realistic ?”

“Probably not” OK, someone else give it a shot.

[NeetaT]

NeetaT –
“Your implicit assumption is that median income households buy median price homes in San Diego.
Is this realistic ?”

“Probably not” OK, someone else give it a shot.

[NeetaT]

NeetaT –
“Your implicit assumption is that median income households buy median price homes in San Diego.
Is this realistic ?”

“Probably not” OK, someone else give it a shot.

[Author]

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