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Last I checked, $150k/year was enough to afford a decent house in a place like Penfield. It's a completely different world. I'm talking about NYC metro. Interestingly it seems like just about all of New England is more expensive than comparable areas in Western NY.

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I bought a house in a suburb of Rochester on a $80k salary in 2021. Same house 2 years later would be double the monthly payment :)

Wait, is that due to interest rates or capital appreciation? There is a big difference.

Basically all places in the US with anything resembling urban density and don’t have a reputation for decline have been on this housing cost trajectory for several years now.

Probably both.

It pays to be on the coastal plains, east of the Appalachian mountains.

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