3 ms·
> areas with lower housing wealth. So, in other words, lower income.
by Izikiel43 3y ago
> areas with lower housing wealth.
So, in other words, lower income.
- bobthepanda 3y agoNot quite, because you can be house-poor due to luck with owning, and also owning a ‘bad’ house in, say, New York City would give you a high paper net worth when comparing to the entire country.
- Izikiel43 3y agoThat’s why I mentioned income, not net worth.
- bobthepanda 3y agoThere are also large differences in salaries and income across the country due to variance in cost of living. Poor in New York may be a decent wage in Gary or Biloxi.