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re: The math for buying a home no longer works, per WSJ
Posted on 12/20/23 at 10:50 am to idlewatcher
Posted on 12/20/23 at 10:50 am to idlewatcher
quote:
The average hope price is 400+k Median income *now* isn't able to support buying at the average house price
To be technical, median and average (mean) are two different measures of central tendency. The OP mentions median income and median home prices, not “average.”
In a normal distribution, median, mode, and mean are the same number, while they are different in a skewed distribution.
Unnecessary post is unnecessary. Hahaha.
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