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A comment on Homes 'Earn' Minimum Wage or More in Almost Half the Nation's Largest Cities. Parent comment

Re:Homes 'Earn' Minimum Wage or More in Almost Half the Nati... by 1123581321 on Monday July 02, 2018 @12:15AM (#17439311)
You’re listing cities that had low home prices, then dropped even further from 2008-2012. A home that sold for $120k in 2008 dropped to 60-70 and may be worth 70-100 today. (I live in Rockford.)
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Re:Homes 'Earn' Minimum Wage or More in Almost Half the Nati... by TomMckenny on Monday July 02, 2018 @05:34AM (#17440369)
Yes, something other than population, jobs and zoning are determining housing prices. Even a $70k price is twice national average of a generation ago adjusted for inflation.
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Re:Homes 'Earn' Minimum Wage or More in Almost Half the Nati... by 1123581321 on Monday July 02, 2018 @08:55AM (#17441219)
I’ve read that’s caused by one-income households giving way to two-income. It’s a long-term trend separate from changes in the last ten years.
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Re:Homes 'Earn' Minimum Wage or More in Almost Half the Nati... by TomMckenny on Monday July 02, 2018 @01:53PM (#17443901)
Interesting idea but dual income household numbers have been flat at about 65% since about 1990.
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