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