This means that a first-time homebuyer needs to earn an annual salary of around $64,500 — which is over $10,000 higher than the average wage of Americans aged 25-34 — and up 13% from $57,222 a year ago.

  • @[email protected]
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    fedilink
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    11 year ago

    Not sure what to make of this article.

    It does rightly point out the problems on the supply-side, but avoids any real discussion of zoning ordinances and significant shortages of workers in construction. It mentions the increases in lending rates, but only as a historical aside and does not link it to Federal Reserve Bank policy.

    Also, it recommends diversifying your investment portfolio by investing in commercial real estate, which AFAIK is a dumpster fire of untenanted office spaces.