@6deb06d1

With suburban houses costing a million bucks in California, $20/hour is nowhere near enough.

To pay off a $1M loan in 30 years, assuming zero interest or taxes, and take no more than ¼ of your income, you'd have to be paid about $64/hour.

(1000000 * 4) / (2080 * 30) ≈ 64

Add taxes and interest on top of that, and it's even worse.

California is extremely f***ed.

#HousingCrisis 

 @b5b38449 Totally right, but it beats the shit out of $7.25 like in so many of the red states.