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)
submitted 1 year ago by yogthos@lemmy.ml to c/usa@lemmy.ml
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[–] thejevans@lemmy.ml 7 points 1 year ago

They have to be affordable for the local population as well, not just an average income. Incomes in places with lower cost housing are lower, too, so raw numbers aren't meaningful.