Comment on Homes 'Earn' Minimum Wage or More in Almost Half the Nation's Largest CitiesparentComments−TomMckenny8yYes, something other than population, jobs and zoning are determining housing prices. Even a $70k price is twice national average of a generation ago adjusted for inflation.−11235813218yI’ve read that’s caused by one-income households giving way to two-income. It’s a long-term trend separate from changes in the last ten years.−TomMckenny8yInteresting idea but dual income household numbers have been flat at about 65% since about 1990.
Comments
Yes, something other than population, jobs and zoning are determining housing prices. Even a $70k price is twice national average of a generation ago adjusted for inflation.
I’ve read that’s caused by one-income households giving way to two-income. It’s a long-term trend separate from changes in the last ten years.
Interesting idea but dual income household numbers have been flat at about 65% since about 1990.