I hope those people living in the Midwest making 40K a year got their income bumped up to 60-70K a year so they could afford the new housing market.
That’s the real rub with these studies that use national averages. It’s not affordable for anyone, anywhere - unless you’re blessed with a remote job paying HCOL money and don’t mind moving somewhere where the nearest doctor is an hour away and the local past time is fentanyl and larceny.
You mean the houses that use to be $75-150K with a 3% interest are now $100-200K at 8% interest? Your so right very affordable what a deal!
I hope those people living in the Midwest making 40K a year got their income bumped up to 60-70K a year so they could afford the new housing market.
The issue is housing is going up faster then income.
That’s the real rub with these studies that use national averages. It’s not affordable for anyone, anywhere - unless you’re blessed with a remote job paying HCOL money and don’t mind moving somewhere where the nearest doctor is an hour away and the local past time is fentanyl and larceny.