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Re:US housing price higher than housing bubble 2008 by HenryKissinger on Tuesday September 14, 2021 @04:43PM (#28530835)
Since the parent is in the top 1%, he or she probably works in New York City, San Francisco, Seattle, Washington DC, Los Angeles, or San Diego.
Re:US housing price higher than housing bubble 2008 by alistairSH on Tuesday September 14, 2021 @04:53PM (#28530980)
Suburban DC here. I'm not in the 1% and can afford a house just fine. Plenty of homes here sub-$600k. A 1% income should be good for a home well in excess of $1 million.
Re:US housing price higher than housing bubble 2008 by loeg on Tuesday September 14, 2021 @04:46PM (#28530880)
You could afford a house in any of those places on 1%ile income.