How could Al Bundy afford a house when he was making minimum wage?

Re:How could Al Bundy afford a house when he was making mini... by asdff on Monday November 27, 2023 @07:52PM (#38440843)

Homeownership rate is very locally variable, so national averages miss a lot of nuance in the housing discussion. For example over the last 10 years its decreased in the Bay Area, and in S.F. county its only about 38%.

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Re:How could Al Bundy afford a house when he was making mini... by echelon on Monday November 27, 2023 @07:55PM (#38440875)

SF is a venture capital subsidy into real estate. It's not representative of the broader US.

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Re:How could Al Bundy afford a house when he was making mini... by asdff on Monday November 27, 2023 @08:06PM (#38440951)

I will give you data for other in demand housing markets then to demonstrate how variable this stat is. In LA county, the homeownership rate is 46%. The homeownership rate in Queens is 45%, the homeownership rate in Brooklyn is 30%, in Manhattan its 24%, and in the Bronx its 20%. In Boston its 34%. In Miami its about 31%.

Really, homeownership is quite low in most in demand markets, especially ones that have been in demand for some time now.

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Re:How could Al Bundy afford a house when he was making mini... by ohbleek on Monday November 27, 2023 @08:46PM (#38441249)

Thank you for adding this information. It shows how important it is to get granular with data otherwise so much nuance gets lost in the interpretation.

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