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re: Current housing surge vs. last decade's housing surge

Posted on 7/22/14 at 7:04 am to
Posted by C
Houston
Member since Dec 2007
27832 posts
Posted on 7/22/14 at 7:04 am to
quote:

Just a quick search shows that the median household income is around $65,000 in Seattle. So do you think a median single family home price of $430,000 is sustainable?


That statistic is a bit misleading. The people making less than $65k are less likely to buy any home than those making more.
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