So You Make $100,000? It Still Might Not Be Enough to Buy a Home.

October 15, 2019

A record number of six-figure-income families rent, as student debt and meager savings cloud their financial future

 

DENVER—For Janessa White, the American dream of a red brick house on a tree-lined street blocks from a good elementary school remains obtainable. She just has to rent it.

Ms. White and her boyfriend moved with her 7-year-old son from Missouri to Denver last year. In Missouri, Ms. White owned her home, which she bought for a little over $100,000. To buy a house like the one she rents in Stapleton, an affluent section of the Colorado capital, would cost about four times as much. Even though her household’s income is in the...

 

 

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