3 ms·
That first graph is a terrible graph. Median income doesn't start at zero. That they overlap suggests a connection. What is it? I get that the less you earn the
by igravious 11y ago
That first graph is a terrible graph. Median income doesn't start at zero. That they overlap suggests a connection. What is it? I get that the less you earn the less you'll be able to afford (housing-wise). But I doubt that the relation is linear, especially as the purchase is "lumpy".
Other than that I agree with you. The trends aren't encouraging, certainly not.
- roymurdock 11y agoI agree that the graph was bad. I also made the rookie mistake of comparing a real value with a non-inflation adjusted value. I've updated the graph so that both datasets are in the same units and described the data with more accuracy/depth. Thank you for pointing this out. Here is the original (bad) graph for reference: https://research.stlouisfed.org/fred2/graph/?g=1yYi https://research.stlouisfed.org/fred2/graph/?g=1yYi