2 ms·
Isn't this ignoring the fact that nowadays two people earn income in the household? Suggesting that in fact housing is twice as expensive as 1950? Also we have
by aschearer 4y ago
Isn't this ignoring the fact that nowadays two people earn income in the household? Suggesting that in fact housing is twice as expensive as 1950?
Also we have the data:
- Median income[1]: 1984 v 2023 = 55k V 71k = 1.29
- Median home price[2]: 1984 v 2023 = 80k v 468k = 5.85
- Case-Shiller[3]: 1987 v 2023 = 63 v 294 = 4.66
Make those numbers sound like everything's stayed the same.
[1]: https://fred.stlouisfed.org/series/MEHOINUSA672N https://fred.stlouisfed.org/series/MEHOINUSA672N
[2]: https://fred.stlouisfed.org/series/MSPUS https://fred.stlouisfed.org/series/MSPUS
[3]: https://fred.stlouisfed.org/series/CSUSHPINSA https://fred.stlouisfed.org/series/CSUSHPINSA