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Updated about 1 year ago on . Most recent reply
House cost vs income issue
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...
Most Popular Reply
Nicholas L.
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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Nicholas L.
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Pro Member
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Flipper/Rehabber
- Pittsburgh
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.