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I sure hope so, right now the median home price is 4.5x the median income. If that continues to increase, we’ll be creating a generation of renters captured by
by quickthrowman 6y ago
I sure hope so, right now the median home price is 4.5x the median income. If that continues to increase, we’ll be creating a generation of renters captured by whoever had the ability to borrow money to purchase the inflated assets.
- titanomachy 6y ago4.5x sounds unbelievably amazing. In my home city it's around 16x.
- hedora 6y ago16x is extreme. Silicon Valley is a bit under 10x.
- titanomachy 6y agoVancouver, Canada has sky-high home prices but is missing the high-paying jobs of the Valley. Rent isn't too bad though, so quality of life can be pretty good.