The Salary You Need To Buy A Home In 27 Cities

For many of us, owning a home is the ultimate dream. But, can you afford to buy a property in your city? A report released by loan and mortgage site HSH.com looks at the income families would need in 27 cities to become homeowners. Ranging from about $32,000 (Pittsburgh) to almost $162,000 (San Francisco), the salary needed to buy a home varies greatly from one city to the next.

The HSH report looked at the money needed to buy a property at the local median home price, including principal, interest, taxes and insurance. The calculations assume buyers put down 20 percent of the home price and that the monthly mortgage payment does not exceed 28 percent of their income.

In expensive markets like San Francisco, home ownership is unattainable for all but the wealthiest residents. As Huffington Post reports, the median household income is $78,000 in San Francisco, and only 13 percent of residents make en0ugh to buy a median-priced home, which is $885,600.

Photo by jeffgunn
Photo by jeffgunn
Photo by jeffgunn

With home prices so high in places like San Francisco, more people are opting to rent. But, according to Huffington Post, rents are rising as well, and many people are spending more than they can afford on rent.

However, there are some cities where home ownership is relatively affordable. You don’t need to earn more than $50,000 to buy a home in  Cincinnati, Phoenix, Cleveland and Tampa. See the rest of the report here.

[h/t: Huffington Post]

These Snowflake Decorations Are Beautiful And Super Simple To Make

Whether you’re looking for a simple decoration for the house or a fun project to do with the kiddos, making these snowflake decorations is the perfect festive activity to keep you and your family entertained this season.

Creating these only requires a few items, so you won’t have to shell out a lot of money on crafts. But the best part? The entire process is fairly simple!

Here are the four items you’ll need to kick off to make your own lacy snowflake paper decorations:

Items

1. Paper (choose whatever colors you like)

2. Glue

3. Scissors

4. Ruler

The video above explains the steps on how to make these cool winter decorations, but here’s another brief summary:

Directions

YouTube

1. Fold 10 squares of paper into triangles

2. Draw five lines (with the ruler) across the triangle about 1 centimeter apart

3. Cut along the lines, stopping about 1 cm before the edge

4. Repeat the line-drawing and cutting process six times.

5. Open the squares and glue the center points together. Turn the square over and glue the next two points.

6.  Repeat the process (continuing to turn the square over between each gluing) until you’ve connected each strip of paper on each square.

7. Glue all of your squares together end-to-end in a snowflake shape.

As noted in the video, the size of the snowflake will depend on the size of the squares you start with. The bigger you go, the bigger it will be.

Related:  12 Easy & Fun DIY Christmas Crafts To Make With Kids

You can also feel free to get as creative as you like the style of snowflakes you’re making. You can use plain white paper if you want to stick with the traditional snowflake look. If you want to make the decorations look a bit more colorful and festive, you can go for red, green or metallic colored paper. You can even use patterned paper if you want!

When you’re done, you’ll be left with a lovely snowflake decoration that you can hang in a window, as seen below, or elsewhere in your home.

YouTube

Will you be making these snowflake decorations this holiday?

Additional Reporting by Michelle Regalado.