TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.

  • ryathal@sh.itjust.works
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    10 months ago

    It’s a risk assessment. A low score as a primary borrower is more risky, even with a secondary borrower, the hassle to get paid if the first defaults isn’t worth it. Investment vs primary residence is also a different risk profile, you can assume some level of income from an investment property.