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re: The Medium income Amercan Family now earns 1/2 the income needed to buy the avg home.
Posted on 3/15/25 at 6:52 am to RiverCityTider
Posted on 3/15/25 at 6:52 am to RiverCityTider
quote:
The Medium income Amercan Family now earns 1/2 the income needed to buy the avg home.
Trump’s solution is tariffs on building materials and mass firings?
0
Posted on 3/15/25 at 8:49 am to Grumpy Nemesis
quote:
quote:
Post your source Boomer
I chose not to be ignorant
You've made your choice
You choose to be deceitful
Posted on 3/15/25 at 9:09 am to RollTide4547
quote:
I don't care what "Gen" someone is.
Its relevant to the discussion...but understandably not convenient for your argument
quote:
If you use the "Great Google" and search for median income
There are lots of stats on the internet, if you post them as evidence for an argument, you better be willing to link your source.
I actually dont doubt at all that median income is 75k. The problem is that median doesnt tell the whole story. Id bet that the income distribution would show exponential increases in income and wealth with age that isnt at all comparable to say...1970,1980 or 1990. Older people are relatively much MORE wealthy today than those years...and younger people are relatively much less wealthy today than those years.
Id also put a pretty penny on houses in major job centers being relatively, exponentially higher today than it was decades ago.
Posted on 3/15/25 at 10:17 am to NC_Tigah
quote:
A poster cautioned against conflating medians and averages (means). Your response "median IS an average," implied there is no difference between the two, even after he was cautioning readers here to recognize the difference.
Fair point. I didn't see what he had originally responded to. Yeah. That's a silly response.
Posted on 3/15/25 at 2:39 pm to scottydoesntknow
quote:Income of today's younger adults (25-40yr olds) is higher in real terms than was the case in the past.
I actually dont doubt at all that median income is 75k. The problem is that median doesnt tell the whole story. Id bet that the income distribution would show exponential increases in income and wealth with age that isnt at all comparable to say...1970,1980 or 1990. Older people are relatively much MORE wealthy today than those years...and younger people are relatively much less wealthy today than those years.
Wealth in that age group is largely contingent on home ownership. So it should come as no surprise that your assertion is correct regarding their relative wealth lagging.
Whether home ownership, given the higher incomes of today's young adults, is a matter of prioritization or capability is basically what we've been discussing in this thread. There is an argument to be made that the Gen-Y stereotype of putting off life decisions (marriage, home ownership, family, etc) until later years compared to past groups is the basis of observations you're laying out.
Posted on 3/15/25 at 3:38 pm to NC_Tigah
quote:
The poster was specific in his terminology, using the term "average" as contradistinct from "median."
Ah I see the issue here.
Your reading comprehension is so low that this is how you interpretted the OP.
You're wrong. Try again.
Posted on 3/15/25 at 5:05 pm to LSUconvert
quote:No dodo, it's apparent you don't see the issue here.
Ah I see the issue here. ... this is how you interpretted the OP
Your response was to 'SquatchDawg,' not to the OP.
My comment corrected that increasingly dumb-looking response.
Neither had a thing to do with the OP.
I've neither "interpretted" nor interpreted the OP in this thread because I have no idea what "the medium income American family" is, or what it earns, or what the mean (average) US home is, in terms of either size or price.
As you seem to think you know how to "interprett" the OP, please do tell.
This post was edited on 3/15/25 at 5:07 pm
Posted on 3/15/25 at 5:07 pm to NC_Tigah
quote:
I have no idea what "the medium income American family" is
Your reading comprehension is so low you can't detect a typo?
That's wild. Maybe read a few more books before you get on here and try and converse with people.
Posted on 3/15/25 at 5:13 pm to LSUconvert
quote:The OP says that he's quoting JD Vance verbatim. He also went back and edited his post. Was it a typo?
Your reading comprehension is so low you can't detect a typo?
ETA: I actually did find the avg price of US homes:
quote:Assuming the OP meant "median" perhaps he was juxtaposing median income with avg home price?
As of the most recent data available in 2025, the average and median home prices in the United States reflect different aspects of the housing market due to how they’re calculated. The average home price is the mean, obtained by adding up all home sale prices and dividing by the number of sales, making it sensitive to extreme values (like luxury homes). The median home price is the midpoint, where half the homes sold for more and half for less, offering a better snapshot of the typical market without being skewed by outliers.
For new homes, according to the U.S. Census Bureau and Department of Housing and Urban Development, the average sales price of new houses sold in January 2025 was $510,000, while the median sales price was $420,500 (based on data from tradingeconomics.com and fred.stlouisfed.org). This gap—about $89,500—shows how high-end new home sales pull the average up significantly.
For existing homes, the National Association of Realtors (NAR) reported that the median sales price was $404,500 in September 2024 (nar.realtor), with no direct average provided in the latest updates. However, historical trends and broader analyses (e.g., from dqydj.com and yahoo.com) suggest the average for existing homes often exceeds the median due to luxury markets. In Q4 2024, the median was $419,200 per the Federal Reserve Bank of St. Louis (fool.com), while Zillow’s typical home value (a proxy blending sales and estimates) averaged $356,782, though this isn’t a pure sales average. Industry estimates, like those from redfin.com (March 2025, $425,061 median), imply an average closer to $450,000-$495,000 when factoring in high-end sales from metro areas, aligning with earlier 2023 Census data showing an average of $495,100 against a $426,056 median.
Nationally, combining new and existing homes, the average price tends to hover around $450,000-$510,000, while the median falls between $404,000-$425,000, based on the latest figures. The difference—typically $50,000-$85,000—reflects the influence of pricier homes in places like California or D.C., where median prices hit $787,000-$947,000 (forbes.com, bankrate.com). The median is widely preferred by experts as a more accurate gauge of affordability, as the average can be distorted by a few multimillion-dollar sales.
These numbers shift monthly and vary by region, but as of March 15, 2025, the average U.S. home price is roughly $460,000-$500,000, while the median is closer to $415,000-$425,000, capturing the market’s split between typical buyers and wealthier outliers.
This post was edited on 3/15/25 at 5:23 pm
Posted on 3/15/25 at 5:20 pm to NC_Tigah
quote:
Was it a typo?
Yep
Posted on 3/15/25 at 5:27 pm to LSUconvert
quote:Are you the OP, or is this just how you personally "interpretted" things?
Was it a typo?
Yep
Posted on 3/15/25 at 5:38 pm to LSUconvert
quote:TTFN
LSUconvert
Posted on 3/15/25 at 6:44 pm to NC_Tigah
quote:
Are you the OP, or is this just how you personally "interpretted" things?
I guess you'll just have to figure it out.
I have faith this mystery will not elude you for long.
Posted on 3/15/25 at 7:23 pm to LSUconvert
quote:What mystery?
this mystery
At this point, you're being led along like a ring-nosed cow.
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