[Ditto]

Median income today is $51,000 dollars. Average home price is $170,000 to $250,000 dollars in good neighborhoods. In other words, the average home today costs the equivalent of three and a half to five years' salary!

A little misleading. The median home price is biased by the cost of "new" construction which I agree is increasingly out of reach for average wage earners. But that new construction price is caused by developers being forced to shun the lower half of the housing market due to the high costs of permitting in many localities. Few builders want to touch any single family units under $300,000 even in areas with relatively low housing costs. They were forced out of the "Levittown" model by government medling.

But in my area, I can take you to many perfectly fine 25 year old, 3 bedroom homes in good, safe areas with good schools that can be had for much less than $150,000.

[GOP_1900AD]

RE: But that new construction price is caused by developers being forced to shun the lower half of the housing market due to the high costs of permitting in many localities. Few builders want to touch any single family units under $300,000 even in areas with relatively low housing costs. They were forced out of the "Levittown" model by government medling.

Ding, ding, ding! So true!