Median household income in 2023 was $80,610. Which makes the median host 5.5 times the median household income. www.census.gov/library/…/p60-282.html
When I bought my house about 12 years ago the bank said they would lend 4x household income. How are people even buying houses at this ratio?
gravitas_deficiency@sh.itjust.works 1 week ago
Jesus tapdancing christ. National median house price is near on a half fucking million dollars.
Anyone who wants to buy in or near an urban area: good fucking luck
scottmeme@sh.itjust.works 1 week ago
It’s all the corporations buying up homes for use in mass scale rentals. Saw a report somewhere that in 2024 they bought ~40% more homes than in 2023.
::: spoiler Also fuck copy paste homes :::
gravitas_deficiency@sh.itjust.works 1 week ago
They’re seriously trying to make all of us plebs perma-renters. They’re all artificially inflating the housing market, because they’re trying to min/max as much as they can before the absolutely insane bubble (that makes 2008 look like fucking bush league) that’s gonna pop sooner than later, imo.