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drunkle
Participant“The more important fact is that historically before this once-in-a-generation economic bubble came along the median home price has been at or slightly above the level that was affordable to a median household. Those above the median could buy a little less and save money to spend on other things; many below the median could stretch a little and buy a medianish home. Incomes do not put a floor on how low prices can go.”
this is exactly the kind of thing i’m talking about, but would like to see supporting data..
drunkle
Participant“The more important fact is that historically before this once-in-a-generation economic bubble came along the median home price has been at or slightly above the level that was affordable to a median household. Those above the median could buy a little less and save money to spend on other things; many below the median could stretch a little and buy a medianish home. Incomes do not put a floor on how low prices can go.”
this is exactly the kind of thing i’m talking about, but would like to see supporting data..
drunkle
Participant“The more important fact is that historically before this once-in-a-generation economic bubble came along the median home price has been at or slightly above the level that was affordable to a median household. Those above the median could buy a little less and save money to spend on other things; many below the median could stretch a little and buy a medianish home. Incomes do not put a floor on how low prices can go.”
this is exactly the kind of thing i’m talking about, but would like to see supporting data..
drunkle
Participant“The more important fact is that historically before this once-in-a-generation economic bubble came along the median home price has been at or slightly above the level that was affordable to a median household. Those above the median could buy a little less and save money to spend on other things; many below the median could stretch a little and buy a medianish home. Incomes do not put a floor on how low prices can go.”
this is exactly the kind of thing i’m talking about, but would like to see supporting data..
drunkle
Participant“None of the above. It is simple statisitcs. Follow the logic it’s not hard.”
huh? logic of what, human behaviour or statistical analysis?
i’m asking about why the statistics are as the are. as in, why only 50-60% of the population own their home, what is the historical average for home ownership, are there any trends apparent, etc…
drunkle
Participant“None of the above. It is simple statisitcs. Follow the logic it’s not hard.”
huh? logic of what, human behaviour or statistical analysis?
i’m asking about why the statistics are as the are. as in, why only 50-60% of the population own their home, what is the historical average for home ownership, are there any trends apparent, etc…
drunkle
Participant“None of the above. It is simple statisitcs. Follow the logic it’s not hard.”
huh? logic of what, human behaviour or statistical analysis?
i’m asking about why the statistics are as the are. as in, why only 50-60% of the population own their home, what is the historical average for home ownership, are there any trends apparent, etc…
drunkle
Participant“None of the above. It is simple statisitcs. Follow the logic it’s not hard.”
huh? logic of what, human behaviour or statistical analysis?
i’m asking about why the statistics are as the are. as in, why only 50-60% of the population own their home, what is the historical average for home ownership, are there any trends apparent, etc…
drunkle
Participant“None of the above. It is simple statisitcs. Follow the logic it’s not hard.”
huh? logic of what, human behaviour or statistical analysis?
i’m asking about why the statistics are as the are. as in, why only 50-60% of the population own their home, what is the historical average for home ownership, are there any trends apparent, etc…
drunkle
Participanti think your income number is a bit high. median hh income is something like 60k in sd, after taxes, something more like 40k. 28% fed, 9% ss/medi, misc state tax ~= 37%. and assuming the median hh doesn’t already own a home, they dont have that tax shelter…
40/12 = 3.3k/month.
assuming a married household with 1 kid, monthly expenses are going to be significant. spending 2k/month on housing seems out of line.
adding dependants/tax exemptions, i guess monthly net goes up… still seems off. 1k/month due to dependants?
whatever, anyway. median hh not buying median homes… is that a long term trend? or a more recent development, say as of the 80’s? and what are the causes? supply? (un/under)employment and wages?
drunkle
Participanti think your income number is a bit high. median hh income is something like 60k in sd, after taxes, something more like 40k. 28% fed, 9% ss/medi, misc state tax ~= 37%. and assuming the median hh doesn’t already own a home, they dont have that tax shelter…
40/12 = 3.3k/month.
assuming a married household with 1 kid, monthly expenses are going to be significant. spending 2k/month on housing seems out of line.
adding dependants/tax exemptions, i guess monthly net goes up… still seems off. 1k/month due to dependants?
whatever, anyway. median hh not buying median homes… is that a long term trend? or a more recent development, say as of the 80’s? and what are the causes? supply? (un/under)employment and wages?
drunkle
Participanti think your income number is a bit high. median hh income is something like 60k in sd, after taxes, something more like 40k. 28% fed, 9% ss/medi, misc state tax ~= 37%. and assuming the median hh doesn’t already own a home, they dont have that tax shelter…
40/12 = 3.3k/month.
assuming a married household with 1 kid, monthly expenses are going to be significant. spending 2k/month on housing seems out of line.
adding dependants/tax exemptions, i guess monthly net goes up… still seems off. 1k/month due to dependants?
whatever, anyway. median hh not buying median homes… is that a long term trend? or a more recent development, say as of the 80’s? and what are the causes? supply? (un/under)employment and wages?
drunkle
Participanti think your income number is a bit high. median hh income is something like 60k in sd, after taxes, something more like 40k. 28% fed, 9% ss/medi, misc state tax ~= 37%. and assuming the median hh doesn’t already own a home, they dont have that tax shelter…
40/12 = 3.3k/month.
assuming a married household with 1 kid, monthly expenses are going to be significant. spending 2k/month on housing seems out of line.
adding dependants/tax exemptions, i guess monthly net goes up… still seems off. 1k/month due to dependants?
whatever, anyway. median hh not buying median homes… is that a long term trend? or a more recent development, say as of the 80’s? and what are the causes? supply? (un/under)employment and wages?
drunkle
Participanti think your income number is a bit high. median hh income is something like 60k in sd, after taxes, something more like 40k. 28% fed, 9% ss/medi, misc state tax ~= 37%. and assuming the median hh doesn’t already own a home, they dont have that tax shelter…
40/12 = 3.3k/month.
assuming a married household with 1 kid, monthly expenses are going to be significant. spending 2k/month on housing seems out of line.
adding dependants/tax exemptions, i guess monthly net goes up… still seems off. 1k/month due to dependants?
whatever, anyway. median hh not buying median homes… is that a long term trend? or a more recent development, say as of the 80’s? and what are the causes? supply? (un/under)employment and wages?
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