Housing Crisis: Why Prices Are Outpacing Wages
Homeownership is slipping away for millions of Americans.
The income needed to buy a typical home has jumped +79% in just 5 years โ while wages are barely keeping up.
So how did we get here?
๐ Soaring home prices
๐ Stagnant income growth
๐ธ Mortgage rate shock
This isnโt just a housing problem โ itโs an economic crisis.
๐ฅ Watch to find out what this means for your future and what you can do about it.
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Well what is hard to get my head around is the fact that when a house comes on the market in a few weeks or even days its sold. The developers in the area i live can’t keep up with demand. Where are people getting this kind of money?
I’ve noticed more and more neighbors are building additional units on their property and basically getting rid of their backyards. After talking to a few they average about $400k for these additions. I guess it makes more sense since it’s a good rental investment. Btw that’s Southern California I’m sure it’s different everywhere but since Cali is one of the most overpriced area I guess you get an idea.
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Where do I get Marko’s level of witt? It’s hilarious to me๐