I posted this a couple months ago. I thought it was worth taking another look.
| Year | Median Income | Median Home Prices |
| 1975 | 11,800 | 39,300 |
| 1985 | 23,618 | 84,300 |
| 1995 | 34,076 | 133,900 |
| 2005 | 46,326 | 240,900 |
What else do we need to know? Wages lagged behind home prices. We Americans borrowed to keep up. We need jobs and we need better wages. (When I say "we," I'm not including the CEOs and the fat cats on Wall Street.)
I suspect the gap narrowed since 2005 with the housing crash. I know mine dropped. Lost all my equity and then some.
Yes and no. You are right that housing prices have dropped. Median income has dropped also. Housing prices has fallen more. Hope your house price improves.
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[...] we have? The problem is wages. Our wages have not kept up with expenses. We are paying more and making relatively less. Because we’re having more and more trouble making ends meet we start looking around for [...]