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Vietnamese Families Can Now Afford Million-Dollar Homes in the U.S.: Here’s How
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In Boston, Massachusetts, where our combined annual earnings amounted to roughly $450,000, we required just about two years’ salary to purchase a home. In the U.S., the typical yearly salary in New York stands at around $120,000, whereas a two-bedroom apartment typically costs approximately $1 million, which equates to roughly ten times the annual…
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Americans Need $114,000 Yearly to Buy a Median Home
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For many Americans, homeownership is becoming increasingly unattainable due to high mortgage rates and escalating home costs stretching potential purchasers’ budgets to their limit. To afford a home priced at the current national median of $431,250, as reported by Realtor.com for April, buyers must have an annual income of at least $114,000 based on…