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Oct 16, 2024
10:23
:11
am
seacougar
All-American
Read that the increasing divorce rate = more households = higher demand as well.
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seacougar
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seacougar
Joined
Oct 5, 2010
Last login
Oct 16, 2024
Total posts
1,643 (1 FO)
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Messages
Author
Time
Crazy stat I just heard on the radio - Comparing median income to house prices in CA in 1960, 4X. Today, 11X.
Ragnar Danneskjold
You know...
8:18am
Median household income I assume has risen due to more dual income households
cmoney
8:21am
Which even exacerbates the issue.
Ragnar Danneskjold
8:23am
An ironic result of feminist and women in workplace movement is that it
Gustav
8:25am
That's the single biggest driver of inflated house prices since 1980
Skeptical Optimist
8:26am
It's created a massive distortion
materialized
9:22am
More people (or households). Period. Fighting for homes in prime locations
NYC and Japan
10:07am
Read that the increasing divorce rate = more households = higher demand as well.
seacougar
10:23am
Yup and... increased wealth has driven demand for 2nd, 3rd, and 4th homes... as well as more parents helping with $$$$
HarlemCoug
10:32am
so if I bought my first house with my primary income,
Pangare
10:36am
100% this. It almost feels required to have both spouses work now.
TriForce
12:42pm
Income to house price or house price to income?
IdahoCoug
8:23am
I'm going to let you sit down with a pencil, paper, and calculator and figure that out.
Ragnar Danneskjold
8:24am
I'm glad my income is 11x the cost of my home, life would be rough at only 4x.
Cru Jones
9:51am
OP was the one who specifically listed them in the order "median income to house price," not me.
IdahoCoug
10:55am
I've met several people whose parents moved from Utah & Idaho
gopman
8:34am
I hear about people leaving California, but I wonder who is buying their homes?
cmoney
8:52am
Immigrants and smaller households
Himni
9:33am
The street I grew up on is now filled with homes that have multiple unrelated people sharing, a lot of Asian multi-gen
SingleStrapBackpack
9:49am
That was my parents
SingleStrapBackpack
9:47am
But, but, but THE INTEREST RATES WERE 17%!!&!!!
scootsy
8:38am
That's actually a pretty relevant factor I didn't think of.
Ragnar Danneskjold
8:42am
FYI - In 1960 they were around 3 or 4% It was the 1980's when there was
Acorn
8:52am
our minimum requirements for a house have also skyrocketed
Cougarclaw
8:52am
True too, similar to our current cars vs the cars in the 60's.
Ragnar Danneskjold
8:54am
The square footage has gone up by a lot, and the number of people living in a household has gone down
Skeptical Optimist
8:55am
Yep. I grew up in a house 2/3 the size with 2 1/2 times the people compared to the one I currently live in. Our house
Byron McNertney
9:44am
House size and lot size are also dramatically bigger. Price per square foot is
NYC and Japan
10:11am
Lot size is dramatically bigger?
Schultz is back
11:32am
Houses are 57% larger than in 1980
cougarmeister
10:19am
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