Despite earning a combined quarter-million dollars annually, a millennial couple with two children is experiencing difficulty in locating an optimal property in Portland, Oregon.
Business Insider reported that Laura and Samuel Graves, both 36, are currently residing in an apartment in a suburb of the city, where they are rearing their children. However,
they have been in the market for a home for the past three years. Upon initial inspection, it appears that they could afford a home due to their financial situation.
Laura Graves is employed as a financial analyst, while Samuel is an electrician. Together, they earned $250,000 last year.
However, the majority of the properties they are considering would require monthly mortgage payments of at least $5,000, which is nearly half of their monthly take-home income of $11,000.
