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Americans with six-figure incomes are in 'survival mode' (www.usatoday.com)

submitted 1 month ago by return2ozma@lemmy.world to c/nottheonion@lemmy.world

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[–] JasonDJ@lemmy.zip 1 points 1 month ago* (last edited 1 month ago)

How suburban in Texas?

Bc for real I live in Massachusetts (suburb, but closer to Providence than Boston)...and my mortgage is the same as yours, but that is including property tax and homeowners insurance.

There's a fair bit of luck in that though...we bought in 2018, and refinanced in 2021...

Our house has increased in value, nearly double since then...so we couldn't afford to move to a similar house in the region if we wanted to. We're kinda stuck here now. Many of our neighbors in the same boat.

We could afford to take a significant downgrade in terms of neighborhood and home size. That would probably cost about the same as we have now.