• @sunbrrnslapper
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    251 year ago

    I know it differs pretty wildly, but in King County Washington (Seattle and Bellevue are here) the median home price (condos included) is $830k. That means you have to earn $184k or $88/hour to afford a home, which is insane.

    • @FReddit
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      231 year ago

      I got a little inflation story for you …

      My father bought a house inSan Francisco in 1959 for about $60,000.

      Now it’s worth around $4 million.

      And no, I did not benefit from this. He embezzled client money and lost everything, which he richly deserved.

      • @CapraObscura
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        English
        161 year ago

        My grandparent’s house was $10,000 in 1959.

        When my grandfather passed we sold it for close to $300,000. In a shitty small town in Texas.

        This is what happens when housing is sold as an investment and not a place to live.

    • @nwithan8
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      English
      11 year ago

      That’s not how mortgages work…