while i agree with the premise, stories such as these are meaningless....
what’s a “typical home”? I own a 2000 sf home on 1/2 an acre in a nice suburb in western NY. taxes and insurance, etc., total about $7K a year. I could sell it for $350K or so. Put it in a comparable neighbor hood in Nassau County and taxes/insurance would be $25K/year and it would sell for about $1-million.
likewise, what’s an “average earner”? minimum wage job? 100K income? $200K?......?
We bought our small 3 bedroom, 2 bath CBS home on 2 acres here in Florida for $80,000 8 years ago. Now people are “wanting to buy” my house for $300,000. Ridiculous...