Submitted by hearsdemons t3_11dsudk in Showerthoughts
raff7 t1_jacedz4 wrote
Reply to comment by Striking-Macaron3303 in $10 is the new $5. by hearsdemons
Not really.. a median income for a family in the us was about 30k a year, a house costed on average 120k
In 2023 the median wage per family is close to 60k, with a median house price at 400k
Sure, housing price increased faster than a salary, but o, you could not work six months to a year in a factory and afford a house.. not even close
lookinforbobo t1_jaddqr3 wrote
And interest rates were over 8%
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