Based on median US home prices, average income would need to be ~295,000

that's the way it should be.

Modern homes are 3 times the size they were then with more luxuries.. 3 car garages, a/c, efficient windows and doors, multiple bathrooms, refrigeration, washing machines etc. Price alone is not a fair comparison. Same goes for cars.

🖕Fiat

nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Do you think that represents the amount of wealth being stuffed into the housing market to preserve wealth. How do we calculate the utility value in today’s dollars?

So wild. 1.4x to 10x+?!

Jeff you are my inspiration in life, How is that book doing? I cant wait to read it

The ‘good old days’ house/income ratio reminds me that today’s prices carry a premium far beyond utility.