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The US housing market is so expensive that incomes would have to spike 55% for it to be considered affordable, industry exec says (finance.yahoo.com)

submitted 2 years ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] keepcarrot@hexbear.net 1 points 2 years ago (1 children)

I feel like generally the data shows the situation better if people use median instead of mean.

But perhaps a measure of "median income in region (incl unemployed/underemployed people)" compared to "median house price in region". Not much point in moving to cheap town if you can't find work there, and is that worth uprooting all your communities and social support networks?

[–] ryathal@sh.itjust.works 1 points 2 years ago

For house prices, it would be better to just exclude the areas that are classified as high cost by Fannie and Freddie.