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Jul 16, 2022
2:58
:28
pm
Skeptical Optimist
All-American
The first link that came up on Google
Average Family Income 2022
https://worldpopulationreview.com/state-rankings/average-family-income
Although I'm noticing now that it gives median personal income but average household income, so it may not be apples to apples.
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Skeptical Optimist
Previous username
workindev
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Skeptical Optimist
Joined
Aug 2, 2006
Last login
Sep 21, 2024
Total posts
82,574 (4,426 FO)
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Messages
Author
Time
Housing is actually cheaper now than it was 50 years ago
Skeptical Optimist
7/16/22 2:35pm
Stop looking at stuff in terms of pre and post-inflation dollars and compare percentages.
OPINIONS
7/16/22 2:38pm
Stop looking at stuff in terms of percentages and compare sq footage, amenities,
Abe Froman
7/16/22 3:17pm
It’s absolutely not.
Bill Moore Esq
7/16/22 2:39pm
It absolutely is!
HighHorse
7/17/22 9:06am
<< Deleted >>
OPINIONS
7/16/22 2:40pm
Sounds like you agree with me
Skeptical Optimist
7/16/22 3:06pm
I’d give them a quote.
bluecougar1985
7/16/22 3:16pm
You’re not validating their pain. Therefore, you must be cancelled.
Cougarclaw
7/16/22 2:43pm
Now compare median house prices with median income from the same years.
Radioactive Coug
7/16/22 2:45pm
Plus increased college and pregnancy costs. The family starter pack isn't cheap.
vagabonder
7/16/22 2:49pm
1,000 times this!
Bad Plus Fan
7/16/22 2:49pm
Median household income in 1973 was $12,051 which is about $84k today.
Skeptical Optimist
7/16/22 2:51pm
Where are you getting the median household income figure?
allaboutthegainz
7/16/22 2:52pm
The census
Skeptical Optimist
7/16/22 2:54pm
And the 2022 figure? $88k seems extremely high.
allaboutthegainz
7/16/22 2:55pm
Idk maybe not for a household. But now both spouses work.
JuicyJam
7/16/22 2:57pm
The first link that came up on Google
Skeptical Optimist
7/16/22 2:58pm
It’s not. Average will be higher than median when looking at income figures.
allaboutthegainz
7/16/22 2:59pm
Of course
Skeptical Optimist
7/16/22 3:04pm
Also, you evaluated price per sqft per person but not income per person working.
Araujofan
7/16/22 4:25pm
So the comparison would be that houses are about 4.8x income now vs only 2.9x in 1973. Seems relavant.
Radioactive Coug
7/16/22 5:16pm
Right, but that's pretty much the point of my post. The $ per square foot cost
Skeptical Optimist
7/16/22 5:37pm
Ok. That's certainly relavant as well.
Radioactive Coug
7/16/22 5:48pm
List price or monthly cost? That’s also relevant
molodyets
7/16/22 5:59pm
True. That's just list cost.
Radioactive Coug
7/16/22 6:25pm
Good points
JollyGreenGiant
7/16/22 2:45pm
This is a steamy pile of yewt…
LumberCoug
7/16/22 2:49pm
You’re not factoring in location though. New developments today are typically in
Odysseus
7/16/22 3:07pm
All reasons why it's really hard to make an apples to apples comparison on
Skeptical Optimist
7/16/22 3:19pm
Who would’ve thunk it? We have a White House press secretary on the board.
Sparkling Delirium
7/16/22 3:12pm
Houses have gotten much bigger now but property sizes have gotten significantly
elmerfudd
7/16/22 3:20pm
Acre lots are still affordable in places people don’t want to live. There are
Abe Froman
7/16/22 3:35pm
And interest rates?
molodyets
7/16/22 3:50pm
7.3% in 1971, 12.9% in 1979
bluecougar1985
7/16/22 5:29pm
Problem is, you can't find houses that small as often now. But I agree, we need
runnincoug
7/16/22 4:27pm
That's because the market demand is for bigger homes. Builders are building the
Skeptical Optimist
7/16/22 5:39pm
The market demand is for affordable housing, but that's not always profitable
runnincoug
7/16/22 7:02pm
Location, location, location.
Powerbait DPM
7/16/22 8:43pm
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