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Let's compare median national wages to local home prices. Look at the story we can tell! Looking at median wage data can be deceiving. For example, doctors sal
by hacknat 11y ago
Let's compare median national wages to local home prices. Look at the story we can tell!
Looking at median wage data can be deceiving. For example, doctors salaries are bi modal. A lot of people making 40k/year then all of a sudden they jump up to 180k. I would make the argument that software engineering is probably logarithmic from 90k, with very few people making over 140k. Is the median salary for a "programmer" 92k? Yes. Is that fact useful in the prediction of home ownership for certain local markets? I doubt it.
Obviously it's hard for a median wage teacher to but a home by themselves in SF, but I question this methodology.
- jasonkostempski 11y agoFrom these numbers, it looks like it be hard for a dual income doctor/astronaut couple to own a home in SF.