this post was submitted on 08 Oct 2023
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United States | News & Politics

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The US housing market is so expensive that incomes would have to spike 55% for it to be considered affordable, industry exec says (finance.yahoo.com)
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[–] Catsrules@lemmy.ml 24 points 2 years ago* (last edited 2 years ago)

You mean the houses that use to be $75-150K with a 3% interest are now $100-200K at 8% interest? Your so right very affordable what a deal!

I hope those people living in the Midwest making 40K a year got their income bumped up to 60-70K a year so they could afford the new housing market.

The issue is housing is going up faster then income.