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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 GreatLakesTiger24
Posted on 1/14/24 at 1:10 pm to GreatLakesTiger24
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.
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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