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re: The math for buying a home no longer works, per WSJ

Posted on 1/14/24 at 1:10 pm to
Posted by MidWestGuy
Illinois
Member since Nov 2018
782 posts
Posted on 1/14/24 at 1:10 pm to
Long thread, so maybe this has been covered, but...

Are the median priced homes being bought by medium income households? I'd guess not. Most of the lower income singles/families are renting. So I'd expect home sales are to people above the median income.

I think we'd need to some history of the medium household income of those who bought median priced homes in each year.
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