Revealed: The salary needed to buy a home in America's 5 most expensive cities
Americans would need a salary of over $1 million to be able to afford a to buy a home in the five most expensive cities in the country. That is according to new research from Realtor.com, which determined how much a budding homeowner would need to earn to buy a typical property in the priciest towns, which are all located in California. The study assumed a buyer would put down a 20 percent down payment, and applied a 6.
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