Our household income together would be $55,000 per year plus an extra $10,000 in school refund checks because we both were fortunate enough to not have student loans.

, but the down payment assistance income limits are now ridiculously high (>$200k/yr is now recognized as "modest income" in some areas...) and a few have switched to using "borrower income" instead of "household income" to test if you're over the limit.To whatever extent you think availability of financing plays a role in driving home values: think about the two things above together...

I agree with much of what you said Scott, although I would add something to this line : “El Dorado county (El Dorado Hills to Tahoe) is pretty rural and the incomes don’t justify the housing prices and it’ll be tough to get 1% rules there.”El Dorado Hills, adjacent to the eastern edge of Sacramento County has a 2016 US Census median household income of $125,489.

Generally the more median rental amounts $600-$1000 tend to not waiver much with market shifts because the lower income households cant afford anything more and can't get a loan as easily to buy a home.

The fundamentals are job and household creations.

Also, Sheboygan has the most middle class households of any metro area in this study: https://www.pewresearch.org/fact-tank/2018/09/06/the-american-middle-class-is-stable-in-size-but-losing-ground-financially-to-upper-income-families/.Happy hunting!

Hi Peter, no the 3X means their household income needs to be at least 3* of the asking rent.  

I suppose your point would make sense in certain markets and class-C properties where the average renter/household is earning minimum wage and seeing a 100% increase over the next 3-5 years.

Checkout the median household income by block group on vestmap.com.

Chinese military was present outside of all residential area, in Wuhan Only one person per household were allowed to go outside of their apt once/week, limited to grocery shopping.