the average doesn’t matter. what matters is the median income to median house price ratio.
yes, in some shitty places, with really low incomes, that nobody wants to live, housing prices didn’t skyrocket… but that’s not true for desirable areas with good economies.
i can go buy a mansion in Louisiana or Mississippi, but why would I want to live in a state where the qualify of life is on bar with African countries?
ok so it was a decade ago, when housing values were like 1/3 of what they are today…
hence it seems very out of touch.
in 2017 I was making like 50K a year and houses were 300K. Now I make 150K and houses are 750K. lol
I make more than 85% of people in my city…
mere mortals can’t afford homes anymore unless they get windfalls or work their way into jobs that have top 10% incomes.
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the average doesn’t matter. what matters is the median income to median house price ratio.
yes, in some shitty places, with really low incomes, that nobody wants to live, housing prices didn’t skyrocket… but that’s not true for desirable areas with good economies.
i can go buy a mansion in Louisiana or Mississippi, but why would I want to live in a state where the qualify of life is on bar with African countries?
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lol no. My income is below median. I have a condo. I will never own a house.
Everyone I meet thinks I’m poor as dirt, because their expectation for a ‘stablilty’ is 300-500K/yr and a 1.5million dollar home.