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This is especially true when it comes tobuying their first home.
The reality is the world just doesnt work like that anymore.
Likewise, one in five Gen Xers said you need between $75,000 and $100,000.
It turns out, according toMortgageResearch.com, younger millennials and Gen X were not far off in their estimates.
However, in September 2024, the median sale price for homes across the U.S. was $427,496.
The Mortgage Research Centers study revealed that the required income to buy a $400,000 house is $108,000.
What Do the Boomers Think?
There are also other ways to spend less on a house.
A less desirable location and layout can get you a nicer home.
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