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Re:Why the government took home prices out of its main infla... by mushbino on Friday May 27, 2022 @09:40AM (#31529516)
Back when it was normal to buy a house and support a family on a single income? Nearly impossible now. Sounds like there are some serious flaws with that index.
Re:Why the government took home prices out of its main infla... by User23 on Friday May 27, 2022 @10:03AM (#31529763)
Also while I can’t find internet sources, from talking to old people I get the impression most Americans had 15 year mortgages back the.
Re:Why the government took home prices out of its main infla... by bombcar on Friday May 27, 2022 @12:10PM (#31531252)
They still exist, 10, 15, 20, 25?, 30 years are all available.

But most people don't search for the most value-effective house, they ask how much house can they buy and then buy that.

If you're willing to step outside the east-coast corridors and/or break from suburban to "commuting rural" or further, it is quite possible to get a 10 year mortgage on a house on the median income.

Re:Why the government took home prices out of its main infla... by User23 on Friday May 27, 2022 @01:39PM (#31532406)
The point is not their existence, it’s that the Case report is even more of an apples to oranges comparison. Imagine a time when for the same share of your income you could pay off the same house in half the time.

> it is quite possible to get a 10 year mortgage on a house on the median income.

If you don’t mind living in a meth infested trailer park maybe. I assume of course you’re talking about regional median income, not the national.

If you want to live someplace with a decent school district and a good community for raising a family on a single income like the silents and boomers could in major cities then rural America today is no magic bullet.

I have no problem with rural living but suggesting hey why not go homestead in BFE Alabama or something isn’t a refutation for housing policy destroying the middle class, which has largely been urban and suburban.

Re:Why the government took home prices out of its main infla... by endisneigh on Friday May 27, 2022 @10:16AM (#31529895)
You mean when women were generally discouraged from getting jobs people were paid more? What a shocker.