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Something doesnt smell right in this “affordable” world we live in… First the housing market is incredibly onflated, now we have unhealthy food producers (Kellogg) stating to just eat their “food” if we are poor… Owning the average home in 2024 now requires an income of $106,000, according to Zillow. Just 4 years ago, you needed just $59,000 in income to afford the average home. That's a $47,000, or 80%, increase in income from 2020 while wages are up just 23% over that time. Currently, the median HOUSEHOLD income in the US is ~$75,000. In other words, the median household income used to be 27% ABOVE the income needed to afford a home Now, the median household income is 41% BELOW the income needed to afford a home. Help it make sense.. What are your thoughts? #thehardpillshow #thehardpillguy #housingmarket #inflation #financialcrisis #foodcosts #homeprices #america
Duration: 162 sPosted : Sat, 30 Mar 2024 02:35:50Views
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