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Updated over 2 years ago on . Most recent reply

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Justin Brin
  • Investor
  • Los Angeles, CA
65
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165
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House cost vs income issue

Justin Brin
  • Investor
  • Los Angeles, CA
Posted

If you look on the median house cost vs median income you notice an issue.

House median cost is going up exponentially while income is only going up linearly.

What this means? Only the rich will be able to buy an house? Only rich investors will be able to go into real estate investments? 

Data source:

Median House price: https://fred.stlouisfed.org/series/MSPUS#0

Median income: https://www.census.gov/data/tables/time-series/demo/income-p...

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Nicholas L.
#2 Out of State Investing Contributor
  • Flipper/Rehabber
  • Pittsburgh
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Nicholas L.
#2 Out of State Investing Contributor
  • Flipper/Rehabber
  • Pittsburgh
Replied

@Justin Brin

it's a good question, i really don't know what it means long term.  but a lot of homeowners already own and have perfectly affordable mortgages.  the affordability crisis doesn't impact them.

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