sdrealtor, maybe time warp, maybe not. I was talking about the US as a whole, not just the California area which is a bit out of touch with reality. I guess I mixed too much data to then speak of what a median home price would be for your state. Not everyone has the opportunity to attend college. And those that do now typically exit with a nice big fat student loan to pay back. That debt load should figure in to how much house they can afford starting out. Home prices are too high. Realtors don’t want to hear that, because their commission comes from the sale price.
Your area isn’t the norm for the US salaries. Take a look here….
The sad thing is, that now both spouses must work to maintain a certain lifestyle. So, the kids get dropped off and raised by others. In my area, my salary is actually pretty good.
