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Back when it was normal to buy a house and support a family on a single income? Nearly impossible now. Sounds like there are some serious flaws with that index.
by mushbino 4y ago
Back when it was normal to buy a house and support a family on a single income? Nearly impossible now. Sounds like there are some serious flaws with that index.
- User23 4y agoAlso while I can’t find internet sources, from talking to old people I get the impression most Americans had 15 year mortgages back the.
- bombcar 4y agoThey still exist, 10, 15, 20, 25?, 30 years are all available. But most people don't search for the most value-effective house, they ask how much house can they buy and then buy that. If you're willing to step outside the east-coast corridors and/or break from suburban to "commuting rural" or further, it is quite possible to get a 10 year mortgage on a house on the median income.
- User23 4y agoThe point is not their existence, it’s that the Case report is even more of an apples to oranges comparison. Imagine a time when for the same share of your income you could pay off the same house in half the time. > it is quite possible to get a 10 year mortgage on a house on the median income. If you don’t mind living in a meth infested trailer park maybe. I assume of course you’re talking about regional median income, not the national. If you want to live someplace with a decent school district and a good community for raising a family on a single income like the silents and boomers could in major cities then rural America today is no magic bullet. I have no problem with rural living but suggesting hey why not go homestead in BFE Alabama or something isn’t a refutation for housing policy destroying the middle class, which has largely been urban and suburban.
- endisneigh 4y agoYou mean when women were generally discouraged from getting jobs people were paid more? What a shocker.