The_Jit

@The_Jit@lemmy.world

This is a remote user, information on this page may be incomplete. View at Source ↗

⁨Comment⁩ on ⁨U.S. home sales fade in June as national median sales price hits an all-time high of $435,300⁩ ⁨⁨2⁩ ⁨weeks⁩ ago⁩:
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?
⁨Comment⁩ on ⁨Might be time to find another job⁩ ⁨⁨5⁩ ⁨weeks⁩ ago⁩:
In the USA, yes.