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   Frances Larina (frances_larina@sfba.social)'s status on Thursday, 04-Apr-2024 05:30:29 JST Frances Larina

   Housing 'affordability has just totally collapsed,' economist says

   "Would-be homebuyers need to earn $113,520 a year to afford the typical house in the U.S. — 35% more than what the typical household earns annually, which is $84,072"

   I would love to see the numbers if enclaves of the ultra-rich were excluded. I'm not saying housing is affordable, at all. Only that I think it might paint a slightly different picture, and point out where part of the problem lies.

   https://www.cnbc.com/2024/04/02/housing-affordability-has-just-totally-collapsed-economist-says.html

   • Embed this notice
     Frances Larina (frances_larina@sfba.social)'s status on Thursday, 04-Apr-2024 09:59:15 JST Frances Larina

     • Matthew Lyon

     @mattly

     The source data came from Redfin, but I doubt Redfin is willing to make the raw data publicly available?

     https://www.redfin.com/news/income-needed-to-afford-home-february-2024/