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re: The math for buying a home no longer works, per WSJ
Posted on 12/21/23 at 2:16 pm to meansonny
Posted on 12/21/23 at 2:16 pm to meansonny
quote:
Over the last 20 years, home prices have averaged 4% annual growth.
Based on FRED data, Home prices have increased (on average, last 20 years) annually 5.1% where wages have increased annually 3.1% which is a 2% annual delta so 6.4x of your figure of 0.27%
From 2000 - 2020 home prices outpaced wages by 39%
I agree its nuts
This post was edited on 12/21/23 at 2:20 pm
1
Posted on 12/21/23 at 2:24 pm to hubertcumberdale
quote:
Based on FRED data, Home prices have increased (on average, last 20 years) annually 5.1%
Everyone is using different data sources and all of them are different. Lol
Nobody is showing their math except me, though.
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