Re:How Many Years of Life Does That House Cost?
by pjmorris on Saturday September 09, 2017 @08:30AM
(#15206776)
> That's funny, my takeaway was that the vast majority of the US has incredibly affordable housing.
What are you comparing against? In the US, the old rule of thumb (up until the ~1990's) was that you shouldn't buy more house than 2X your income. That's more affordable than what is depicted here.
EDIT: I've added link to a Calculated Risk post on the ratio between US house prices and median income since 1976 [0]. By their estimates, the typical ratio has been 3X, low by your standards.
What are you comparing against? In the US, the old rule of thumb (up until the ~1990's) was that you shouldn't buy more house than 2X your income. That's more affordable than what is depicted here.
EDIT: I've added link to a Calculated Risk post on the ratio between US house prices and median income since 1976 [0]. By their estimates, the typical ratio has been 3X, low by your standards.
[0] http://www.calculatedriskblog.com/2017/07/house-prices-to-na...