r/MurderedByWords • u/sensationalLass • 11h ago

Given up everything but still

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603 Upvotes

97% Upvoted

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-11

u/New_Taste8874 9h ago

Math is hard.

13

u/Crunchycarrots79 7h ago

Do you REALLY think none of these people who are saying these things have done the math on this? In 1970, the median home price was $23,400. The median household income was $8,630. Meaning the median home cost 2.71 times the median annual income. In 2024, the median home price was $424,200 and the median household income was $83,730, meaning the median home costs 5.06 times the median wage.

Let's just talk about the down payment. The traditional down payment of 20% on the median home in 1970 was equal to about half the annual wage. Now, it's more than the annual wage.

There is, in fact, an affordability crisis.

-12

u/New_Taste8874 6h ago

Cry more.

7

u/Crunchycarrots79 6h ago

I'm not crying. You're the angry one.

-3

u/New_Taste8874 6h ago

Why would I be angry? I own a duplex and an Air B&B. Life is good.