According to a recent study from Zillow, the typical "starter home" is worth at least $1 million in 237 cities, the highest number of cities ever. Plus, almost half of those cities are in California.
No. Wages have remained stagnant and actually have gone down. The median salary is $74k, and remember that half of people in the US make less than that. 62% of Americans can’t afford to buy the cheapest house in the cheapest state for housing.
To clarify, $74k is the median household income and not salary. Median salary in the US is $37k. Median salary in California, where half of the cities mentioned in the article are, is just shy of $40k.
It doesn’t take much to find plenty of people on Reddit talking about how they make 130k a year as a Walmart truck driver. Or the hordes or software engineers with 300k salaries, grads starting straight out of uni with well over 100k.
There is definitely inflation, the corresponding salary increases just don’t seem to be across all industries.
So anecdotal stories are more important to you than statistics from the US census bureau? For the record, the department does more than send out a survey every 10 years; the survey is like a recalibration for their statistics.
There are 3 primary factors contributing to the housing crisis:
Inflation
Low wages
Housing being treated as a commodity stock
These 3 issues aren’t the end of the story either, the opiate crisis, climate change, exclusionary politics, and many other factors are contributing to the housing crisis. The primary issue is that workers aren’t being paid enough.
Not to mention across demographics. Plenty of people don’t use Reddit for reasons of taste, time, or simply access.
Plus, there’s definitely a bias towards bragging about ones high salary (whether real or imagined). Not a lot of us who are struggling like to broadcast exactly how much we’re struggling. It fucking sucks, and the majority of our lives are spent dealing with that fact.
You’re operating on anecdotal evidence in a heavily biased context. This is why you’re getting the downvotes you deserve. Get your head out of your ass.
No. Wages have remained stagnant and actually have gone down. The median salary is $74k, and remember that half of people in the US make less than that. 62% of Americans can’t afford to buy the cheapest house in the cheapest state for housing.
To clarify, $74k is the median household income and not salary. Median salary in the US is $37k. Median salary in California, where half of the cities mentioned in the article are, is just shy of $40k.
If you live in the cheapest state, your salary is probably correspondingly low
It doesn’t take much to find plenty of people on Reddit talking about how they make 130k a year as a Walmart truck driver. Or the hordes or software engineers with 300k salaries, grads starting straight out of uni with well over 100k.
There is definitely inflation, the corresponding salary increases just don’t seem to be across all industries.
So anecdotal stories are more important to you than statistics from the US census bureau? For the record, the department does more than send out a survey every 10 years; the survey is like a recalibration for their statistics.
There are 3 primary factors contributing to the housing crisis:
These 3 issues aren’t the end of the story either, the opiate crisis, climate change, exclusionary politics, and many other factors are contributing to the housing crisis. The primary issue is that workers aren’t being paid enough.
Not to mention across demographics. Plenty of people don’t use Reddit for reasons of taste, time, or simply access.
Plus, there’s definitely a bias towards bragging about ones high salary (whether real or imagined). Not a lot of us who are struggling like to broadcast exactly how much we’re struggling. It fucking sucks, and the majority of our lives are spent dealing with that fact.
You’re operating on anecdotal evidence in a heavily biased context. This is why you’re getting the downvotes you deserve. Get your head out of your ass.