Trulia ran these numbers based on the assumption that a family shouldn't spend more than 31 percent of its pre-tax income on housing (and that it must pay local property taxes and insurance). This data also assumes that a family makes a 20 percent down payment on a home – a daunting feat even on a six-figure income in somewhere like Los Angeles or New York.
---In FairfieldLife@yahoogroups.com, <fairfieldlife@yahoogroups.com> wrote: Richard, look how similar FF and San Antonio are: http://www.bestplaces.net/compare-cities/san_antonio_tx/fairfield_ia/costofliving http://www.bestplaces.net/compare-cities/san_antonio_tx/fairfield_ia/costofliving On Tuesday, October 15, 2013 9:13 AM, Share Long <sharelong60@...> wrote: Richard, using Sperling's to compare San Antonio, TX to Brewster, NY http://www.bestplaces.net/compare-cities/san_antonio_tx/brewster_ny/costofliving http://www.bestplaces.net/compare-cities/san_antonio_tx/brewster_ny/costofliving http://www.bestplaces.net/compare-cities/san_antonio_tx/brewster_ny/costofliving On Tuesday, October 15, 2013 8:33 AM, Richard Williams <punditster@...> wrote: An old couple I know down in San Antonio live in the family home that they inherited from his auntie. The guy says he pays about $100 per month in property taxes. Sounds like pretty cheap rent for a 1200 sq ft place on the south side of town. A lot of his property taxes go to local public schools. And, he doesn't even have any children! Go figure. "According to what I've read, a family shouldn't spend more than 31 percent of its pre-tax income on housing." Using those calculations, these 10 metros are the least affordable: 'Places Where The Middle Class Can’t Afford To Live Anymore' http://www.theatlanticcities.com/housing// http://www.theatlanticcities.com/housing/2013/10/where-even-middle-class-cant-afford-live-any-more/7194/
