Just to be clear, I wasn’t quibbling about whether homes are more affordable now. I had issues with what they considered to be affordable with the annual income noted in the article.
By the way, my “flawed” calc was due to the fact that I used a traditional 30 year mortgage calc with 10% down.
It’s just my opiniont, but I think telling people that this is affordable is pretty terrible. It does not seem to take normal expenses or any of the fun financial suprises that people have into account.
It seems ridiculous to most of us on this board, but there are a lot of people that trust realtors to help them understand what they can afford. Of course, I guess that is pretty apparent these days….