Thursday, August 27, 2009
Home costs....
At the bottom of this there is a comparison of home costs and average income. The ratio in 1934 was 2.3 times annual salary and now it's 4.2 times annual salary. Plus I'm willing to bet there were less family members working per household.
If we're going to have affordable housing again in this country people have to start making more money or home values have to come down.
