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Homebuyers need to earn 80% more than they did in 2020 to afford a home in today's market (finance.yahoo.com)

submitted 7 months ago by farcaster to c/economics

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[–] [email protected] 6 points 7 months ago

But even if you don't want a huge lot out of town housing is still unaffordable. My parents first house was 88p sq ft. My mom once told me that she could vacuum the whole house from the same electrical outlet. That house cost $33,000 when they bought it 40 some years ago. If you look it up it's now it's worth $758,000.

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