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PLUS: Famous Rap Song Anniversary
What's up Basis Pointers, a Gallup poll just reported families of 4 say they need to make $85k to survive, and we know from the calculations we updated this week that it takes $91k to $115k to buy median priced homes right now with 5% down.

So, while the 'just to survive' income threshold of $85k is below the homebuying mark, it's close. Here's a post where we compare income needed to get by vs. buy a home.

And here are more details on income needed to buy new homes at $420k and existing homes at $389k.

Two other fun hits today:

First, it's the 29 year release date anniversary of Regulate by G-Funk pioneers Nate Dogg and Warren G. This song was one of the biggest hits of the genre, and this post hilariously translates Regulate lyrics.

Second, at The Basis Point, we do a lot of work with trademarks so high profile cases are always educational. The latest is a Trump Too Small trademark case headed to the Supreme Court.

Have a great day, and please keep your housing, marketing, and pop culture intel coming ?

Julian

Americans families need to make $85k to get by, and $91k to $115k to buy a home

A Gallup poll just said U.S. families of 4 need $85k per year to survive. Right now it takes somewhere between $91k to $115k to buy a home.
/ Read More

Nate Dogg 'Regulate' Lyrics Translation. This song is 29 years old!

Warren G and Nate Dogg Regulate Translated Into Plain English - RIP Nate Dogg - The Basis Point
LOL, Warren G and Nate Dogg's Regulate translation into plain English. This is one of the funniest rap translations of a truly classic song.
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Newly built home prices $420,800 to start summer 2023. Can you afford this?

Median new home price $420,800 in April 2023 and average price $501,000. How much do you need to afford this? - The Basis Point
New home prices of $420,800 right now. You need to make $115k to afford this with 5% down and $600 in other bills like credit cards and car loans.
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Existing home prices down $25k from June 2022 peak to $388,800. Is this affordable?

$388,800 median home price has dropped $25,000 from the June 2022 peak of $413,800 - The Basis Point
Existing home sales down 14 of 15 months, and home prices now $388,800 for 86% of inventory. Is this affordable? Here's the math.
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Can this T-Shirt seller win his 'Trump too small' trademark case that goes to Supreme Court October 2023?

Supreme Court will decide in October 2023 on Trump Too Small trademark case, and whether lawyer and internet T-Shirt seller can keep his business
/ Read More

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