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sdrealtor
ParticipantHuh, pretty thick there drunkle.
The historical average is 50 to 60%. Always has been. The figure rose when anyone could buy a home regardless fo income but we are getting back to where you actually have to qualify based upon real income. Is it so hard to understand that the bottom 10% of earners dont buy the bottom 10% of homes price wise. They live in section 8/subsidized housing. Just continue from there up and should be able to make the connection. if not, I’m wasting my time trying to explain.
ParticipantHuh, pretty thick there drunkle.
The historical average is 50 to 60%. Always has been. The figure rose when anyone could buy a home regardless fo income but we are getting back to where you actually have to qualify based upon real income. Is it so hard to understand that the bottom 10% of earners dont buy the bottom 10% of homes price wise. They live in section 8/subsidized housing. Just continue from there up and should be able to make the connection. if not, I’m wasting my time trying to explain.
ParticipantHuh, pretty thick there drunkle.
The historical average is 50 to 60%. Always has been. The figure rose when anyone could buy a home regardless fo income but we are getting back to where you actually have to qualify based upon real income. Is it so hard to understand that the bottom 10% of earners dont buy the bottom 10% of homes price wise. They live in section 8/subsidized housing. Just continue from there up and should be able to make the connection. if not, I’m wasting my time trying to explain.
ParticipantHuh, pretty thick there drunkle.
The historical average is 50 to 60%. Always has been. The figure rose when anyone could buy a home regardless fo income but we are getting back to where you actually have to qualify based upon real income. Is it so hard to understand that the bottom 10% of earners dont buy the bottom 10% of homes price wise. They live in section 8/subsidized housing. Just continue from there up and should be able to make the connection. if not, I’m wasting my time trying to explain.
Participant“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?”
None of the above. It is simple statisitcs. Follow the logic it’s not hard.
Participant“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?”
None of the above. It is simple statisitcs. Follow the logic it’s not hard.
Participant“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?”
None of the above. It is simple statisitcs. Follow the logic it’s not hard.
Participant“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?”
None of the above. It is simple statisitcs. Follow the logic it’s not hard.
Participant“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?”
None of the above. It is simple statisitcs. Follow the logic it’s not hard.
ParticipantI’ve expalined this many times but the median income HH does not, can not, should not and never will buy the median priced house in a given area again. The only exception was in the recent past when income was irrelevant due to liar loans and anyone could buy whatever they wanted if they had a good FICO score and enough nerve.
One last time:
Approximately 50 to 60% of households own their homes and they very heavily skew toward higher incomes. Thus a broad generalization (admittedly far from perfect but more accurate than not) is that the top 50% of HH buy homes. Of these HH the median income to look at is actually the 75th percentile not the 50th percentile. Add in a high cost area such as So Cal and we skew even higher toward higher income HH’s for home ownership. So if you want a better approximation of how overpriced we are compare the 75th percentile to the median price.I know this is far from perfect but I believe it will give you a far more realistic figure than comaring the median income with the median priced home.
ParticipantI’ve expalined this many times but the median income HH does not, can not, should not and never will buy the median priced house in a given area again. The only exception was in the recent past when income was irrelevant due to liar loans and anyone could buy whatever they wanted if they had a good FICO score and enough nerve.
One last time:
Approximately 50 to 60% of households own their homes and they very heavily skew toward higher incomes. Thus a broad generalization (admittedly far from perfect but more accurate than not) is that the top 50% of HH buy homes. Of these HH the median income to look at is actually the 75th percentile not the 50th percentile. Add in a high cost area such as So Cal and we skew even higher toward higher income HH’s for home ownership. So if you want a better approximation of how overpriced we are compare the 75th percentile to the median price.I know this is far from perfect but I believe it will give you a far more realistic figure than comaring the median income with the median priced home.
ParticipantI’ve expalined this many times but the median income HH does not, can not, should not and never will buy the median priced house in a given area again. The only exception was in the recent past when income was irrelevant due to liar loans and anyone could buy whatever they wanted if they had a good FICO score and enough nerve.
One last time:
Approximately 50 to 60% of households own their homes and they very heavily skew toward higher incomes. Thus a broad generalization (admittedly far from perfect but more accurate than not) is that the top 50% of HH buy homes. Of these HH the median income to look at is actually the 75th percentile not the 50th percentile. Add in a high cost area such as So Cal and we skew even higher toward higher income HH’s for home ownership. So if you want a better approximation of how overpriced we are compare the 75th percentile to the median price.I know this is far from perfect but I believe it will give you a far more realistic figure than comaring the median income with the median priced home.
ParticipantI’ve expalined this many times but the median income HH does not, can not, should not and never will buy the median priced house in a given area again. The only exception was in the recent past when income was irrelevant due to liar loans and anyone could buy whatever they wanted if they had a good FICO score and enough nerve.
One last time:
Approximately 50 to 60% of households own their homes and they very heavily skew toward higher incomes. Thus a broad generalization (admittedly far from perfect but more accurate than not) is that the top 50% of HH buy homes. Of these HH the median income to look at is actually the 75th percentile not the 50th percentile. Add in a high cost area such as So Cal and we skew even higher toward higher income HH’s for home ownership. So if you want a better approximation of how overpriced we are compare the 75th percentile to the median price.I know this is far from perfect but I believe it will give you a far more realistic figure than comaring the median income with the median priced home.
ParticipantI’ve expalined this many times but the median income HH does not, can not, should not and never will buy the median priced house in a given area again. The only exception was in the recent past when income was irrelevant due to liar loans and anyone could buy whatever they wanted if they had a good FICO score and enough nerve.
One last time:
Approximately 50 to 60% of households own their homes and they very heavily skew toward higher incomes. Thus a broad generalization (admittedly far from perfect but more accurate than not) is that the top 50% of HH buy homes. Of these HH the median income to look at is actually the 75th percentile not the 50th percentile. Add in a high cost area such as So Cal and we skew even higher toward higher income HH’s for home ownership. So if you want a better approximation of how overpriced we are compare the 75th percentile to the median price.I know this is far from perfect but I believe it will give you a far more realistic figure than comaring the median income with the median priced home.
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