Re:More than half of all private wealth has been inherited i...
by dragonwriter on Monday December 18, 2017 @11:53AM
(#15953016)
> A median-income household owning a median-priced house
A median-income household is unlikely to own a median-price house for a reason very similar to the reason they are unlikely to own a median priced jet, because home ownership isn't uniformly distributed across income levels, as low income households are more likely than high income households to be renters, and high income households more likely to be homeowners (and to own multiple homes.)
If a median-income household owns a home, it is likely to be a singificantly-below-median-value home.
A median-income household is unlikely to own a median-price house for a reason very similar to the reason they are unlikely to own a median priced jet, because home ownership isn't uniformly distributed across income levels, as low income households are more likely than high income households to be renters, and high income households more likely to be homeowners (and to own multiple homes.)
If a median-income household owns a home, it is likely to be a singificantly-below-median-value home.