4 ms·
> Now that housing makes up 60%+ of everyone's (at least the latest generation of house buyers/renters) expenses Is that actually true for the median US reside
by ahtihn 5y ago
> Now that housing makes up 60%+ of everyone's (at least the latest generation of house buyers/renters) expenses
Is that actually true for the median US resident? I have a really hard time believing it. I can believe it's the case in SF and some other big cities maybe.
- throw8383833jj 5y agonot the median. But, the average person buying in at today's prices, is going to be pretty close to that. I saw one statistic that said 25% of millenials were living at home. and those that weren't, were spending 40% to 50% on housing. of course someone buying now, is even worse of than that 40% to 50%. I think a better measure might be # of hours worked to afford 1 sq ft. (1970 vs 2022)