Re:Many Americans who live paycheck to paycheck blame debt
by kgwgk on Saturday July 20, 2019 @04:39PM
(#20488229)
Note that most people currently paying a mortgage has not bought at current prices.
And with the reasonable assumption that high-income households are more likely than low-income households to buy a house in any given year, we can expect the buyer of the median house to have better-than-median income.
Re:Many Americans who live paycheck to paycheck blame debt
by mikeash on Saturday July 20, 2019 @07:46PM
(#20489006)
It makes more sense when you put it like that. The average mortgage holder has a 2019 salary but probably only a 2010 mortgage. (Or whatever bygone year is correct.)
And with the reasonable assumption that high-income households are more likely than low-income households to buy a house in any given year, we can expect the buyer of the median house to have better-than-median income.