Buying a house is often confusing and complex, compounded by a dollar sign followed by too many commas and zeros. So John Nelson broke it down to something more simple. How many annual salaries would it take to buy a house? He applied it to his own family situation and then expanded it to the country on a county level.
Of course that’s not how mortgages actually work. It’s much worse than that. But this was the concrete visual of the trade required to land a house. I felt the Nelson family had no future there, if our plans in any way involved home ownership.
How many working years will it take you?