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I doubt your parents instantly bought a house as unskilled workers at age 18. Maybe in a very few ultra cheap housing markets that would have been possible. Fo
by zeroonetwothree 11mo ago
I doubt your parents instantly bought a house as unskilled workers at age 18. Maybe in a very few ultra cheap housing markets that would have been possible.
For example in 1980 in SF the median home was $130k and the median household income was $16k. Today it’s $1240k and $141k. So yes it’s less affordable but it’s hardly a massive difference as you imply.
- Libidinalecon 11mo agoIn the rust belt this was the norm. I have figured out my father working an unskilled factory job in 1970 made about $40k adjusted for inflation in order to buy a $40k starter home in early 20s. Union job with a pension that he is still collecting right now after retiring at 55. No college. Not even sure he has ever read a book in his life. I would say all you had to do was not be an alcoholic and you would be fine but even that is not true. Even the boomer alcoholic fuck ups I know did pretty well and retired early.
- senordevnyc 11mo agoI'm assuming you adjusted his income for inflation, but you didn't adjust the price of the home he bought?