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A comment on Nearly half of American workers don’t earn enough to afford a one-bedroom (cont). Parent comment

Re:Nearly half of American workers don’t earn enough to affo... by hamburgerwah on Thursday August 12, 2021 @07:39PM (#28163196)
Housing prices across the board have jumped 40% on average -- in the past year. In the insane prop 13 fueled market that is california bay area increases are closer to 65% in the past year.
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Re:Nearly half of American workers don’t earn enough to affo... by Retric on Thursday August 12, 2021 @07:43PM (#28163247)
No they haven’t.

“According to Zillow, the typical value of U.S. homes is $269,039 as of January 2021, a 9.1% increase from January 2020. Between 1999 and 2021, the median price has more than doubled from $111,000 to $269,039.”

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Re:Nearly half of American workers don’t earn enough to affo... by Grakel on Thursday August 12, 2021 @07:46PM (#28163279)
What about only including data from places people want to live? You can buy a house in South Dakota for 25,000, but that not useful information when looking at national housing inflation.
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Re:Nearly half of American workers don’t earn enough to affo... by Retric on Thursday August 12, 2021 @07:47PM (#28163292)
Median cuts things in half, it’s effectively the middle of housing desirability. You might want to live in NYC or SF, but most of the US doesn’t.
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Re:Nearly half of American workers don’t earn enough to affo... by gruez on Thursday August 12, 2021 @07:53PM (#28163355)
>What about only including data from places people want to live

Shouldn't the median sale account for this? If there's a buyer presumably somebody wants to live there, and if there are 1000 sales in CA but 10 in SD that would be accounted for as well.

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Re:Nearly half of American workers don’t earn enough to affo... by msrenee on Friday August 13, 2021 @08:44AM (#28168177)
South Dakota would be nice. We were up there for a couple days this spring and it was tempting. Nice people, little bit of scenery, cost of living is reasonable. Definitely beats moving to someplace that's crowded and hectic or at high risk for flooding or wildfires.
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Re:Nearly half of American workers don’t earn enough to affo... by nradov on Friday August 13, 2021 @08:31AM (#28168070)
The Case Shiller index shows a significant price increase but nowhere near 40%.

https://fred.stlouisfed.org/series/CSUSHPINSA

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