From skipping coffee runs to hosting dinner clubs, Corcoran Group CEO Pamela Liebman has one message for Gen Z: getting your first home takes sacrifices—but it’s doable, even in today’s pricey market.
Not disagreeing with the numbers but could you provide your source? I would like to use this next time my family says a house is cheap/good deal ($500k for 2b 2b in the sticks).
Not disagreeing with the numbers but could you provide your source? I would like to use this next time my family says a house is cheap/good deal ($500k for 2b 2b in the sticks).
Found this. No idea if the same source as OP, but says federal reserve data
https://www.visualcapitalist.com/median-house-prices-vs-income-us/
Oh this is perfect. Thank you. I was just gathering numbers and had discrepancies, but this shows it perfectly.
Cool!
I did it really quick, and just looked up the numbers from searches. There might be some difference from different sources, but it’s in the ballpark.
That said, I’ve been following up on a bit and (for example) I’m changing the 1980 housing price to 62k, but the 3x still shows the issue.