2 ms·
What’s hard to believe about this? Do you think the analysis is wrong? Since you’ve given an anecdote, I’ll share mine. I make more than the median income whe
by wheelinsupial 5y ago
What’s hard to believe about this? Do you think the analysis is wrong?
Since you’ve given an anecdote, I’ll share mine.
I make more than the median income where I live. The closest place that matches 2x my income is more than 100km away from me and it’s a mobile home.
My current apartment is 3.5 times what I earn, but that’s because I bought it 5 years ago when it was 4.3 times what I earned. If I sold this apartment today, then someone earning the median income would be paying at least 7.5 times their income.
30+ years ago my parents bought a house for less than what I paid for my apartment. They also earned more than 2x what I earn now. So they might have been in a similar situation to you had they not gotten divorced. People buying that same house now have to pay 10-12 times income if they make what my parents did. Closer to 20 times income if they earn a median income.