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Sorry bout that, kiddo!
Its not hard in USA. Rent is about half of what you make.
If wages are high, everything else gets more expensive to match.
Also, many Americans do NOT get "high" wages.
"Why are so many Americans struggling despite American wages being so high?"
"They are crying making up excuses why they dont want to work and live with parents all their life."
Because homes are easy to find. Neighborhoods are the first place to look!
Cheaper places are 1/4 or less.
I figure it that most people I know that do not have real careers or education make around $2000 a month. You can get a cheap apartment for about $600, a nice one for $1000. I was just showing the bottom to say its not hard. Most people I know in my actual circle make at least $10,000 a month and pay around $2000 a month for a house. So its not hard.
Basically, it's illegal to replace the houses as they were because of additional requirements that have been added over the years.
Also, cities with rent controls aren't seeing any rental properties being built.
Me? I bought my house at the right time. I have a 2500 square foot, old farmhouse, and I pay less than 400 a month for my house PAYMENT. Not rent..... Of course, you are NOT going to find anything like that, that you can actually live in, these days......
- 1 bedroom apt: $2600/month
- 3 bedroom starter home: $643,900
- Average wage: $4551/month
Factor in home insurance, taxes, car payments (no public transportation here), food, gas, and the rest and it's not enough to cover the cost of a home. Mystery solved.
Rent smaller places, retire early in Asia