Millionaire Haley Sachs: Homeownership Is a Lifestyle Choice, Not a Measure of Financial Success
- 1Haley Sachs, a financial creator with over 2 million followers, said buying a home should be a lifestyle choice rather than a metric of financial success.
- 2Between 2019 and 2024, the inflation-adjusted median U.S. home price rose by 30%, while the median income growth for householders under 40 was only 9%.
- 3Assuming a 10% down payment and a 30-year fixed mortgage, a typical household would need an annual income of $121,500 to purchase a home by September 2026.
So what's the key point?
Financial creator Haley Sachs said buying a home should be a lifestyle choice instead of a standard for how much money someone makes. While home prices have risen significantly, incomes have grown much less, meaning an annual income of $121,500 is required to buy a home.
Source Fortune · View original ↗
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