- Jun 29, 2013
- 22,889
- 15,132
- 1,405
You are too stupid to know that the economy is booming! So check this out....the highly touted rise in median income is actually meaningless and in the Algebraic Sum amounts to a loss.
Today the median household income is up to $81,000, but the income required to afford a home comfortably has soared to $106,500. Home prices have risen 42.4% in that period, to $343,000, and average mortgage rates have nearly doubled, from 3.5% to 6.6%.
Jo
Today the median household income is up to $81,000, but the income required to afford a home comfortably has soared to $106,500. Home prices have risen 42.4% in that period, to $343,000, and average mortgage rates have nearly doubled, from 3.5% to 6.6%.
Jo