Wednesday, January 10, 2007

Depressing

The study found an annual income of nearly $85,000 was needed to afford the median-priced U.S. home.
In the New York metropolitan area, a $500,000 median-priced home required a $171,000 annual salary. The median-priced home in San Francisco, the most expensive U.S. market, was $759,000, requiring income of $260,000. In less-expensive Chicago, the median-priced home cost $254,000, requiring an $87,000 salary.

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