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Your math just says the median person doesn’t buy a condo. If only the top 10% can afford them, that’s still a huge pool of people. Pretty sure median US incom
by brianwawok 3y ago
Your math just says the median person doesn’t buy a condo. If only the top 10% can afford them, that’s still a huge pool of people.
Pretty sure median US income can’t afford a condo in NYC.
- onlyrealcuzzo 3y agoAt the end of the day - prices need to be supported by incomes (buyers or renters) or magic beans.
- lmm 3y agoSure. But the median Chinese income tells you very little about the distribution of Chinese incomes.