“They say that they adjust this for inflation, but I don’t think they are comparing actual costs versus standard of living. There is no way a family of three is going to have an upper-middle class house and lifestyle without going deeply into debt for 100k/year”
That’s true if you live in San Francisco or similar places but most people live where the cost of living is much less.
Some folks are just so determined that everything be bad that’s all they can see. If things are so bad how did we go from 25% of all homes being free and clear of debt to 37%? That’s an amazing number Also, most homeowners that have mortgages are sitting on super-low rates right now.
You don’t know what you’re talking about if you think 100K a year for a family is enough.
You should go to work for the Biden Administration.
Exactly, if you are house-poor because of where you insisted on living in a blue state? SCHADEN-F-----G-FREUDE.
At least 10% of FR articles lately are hilariously clustered around this. "Super Storm Destroys $80sqft Commercial Rental Properties: Kalifornia Guarantees Remuneration Unless You Vote Republican"