this post was submitted on 08 Oct 2023
120 points (92.3% liked)

United States | News & Politics

7154 readers
230 users here now

founded 4 years ago
MODERATORS
pangyuehung@lemmy.ml
yogthos@lemmy.ml
120
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 1 year ago by yogthos@lemmy.ml to c/usa@lemmy.ml
22 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] thejevans@lemmy.ml 7 points 1 year ago

They have to be affordable for the local population as well, not just an average income. Incomes in places with lower cost housing are lower, too, so raw numbers aren't meaningful.