Posted by one of my acquaintances that claims to be an ANCAP but also thinks Fucker Carlson has good ideas, and that trans people and poor people are ruining America. Also worships Elon. I hate these people.

  • MystikIncarnate@lemmy.ca
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    3 days ago

    Median price of a home in the USA from Q2 2025: $410,800.

    US minimum wage: $7.25

    56,662 hours of work (roughly, we’re not taking into account taxes and whatnot)…

    Which is approximately 1,416.5 weeks at full time (40 hrs per week)

    Which is 27.24 years of work.

    Average length of a mortgage is still 25 years. So working full time, at minimum wage, and paying no taxes, and spending zero dollars of your money towards stuff you need in the mean time, like… IDK… Food?

    It will take you 2.24 years longer to pay off the house than you have time to pay it off.

    The system is working as intended.

    • BigDiction@lemmy.world
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      3 days ago

      It’s kinda funny. I was thinking it would more fair to use the US single median income $40k x 35% dedicated towards housing It’s actually slightly worse $14k vs $15k at minimum wage.