i don’t know our exact average household income in this part of the city but I would guess that today it’s 6-9 years annual income vs. mortgage.
not the 3-5 we had a decade ago.
Discussion
That is crazy, but California is about the same. A 20% down payment is now about 2 years salary for the average person.
It appears most people haven't learned this yet.
We hear about bullshit inflation numbers.
I don't think our rulers understand how fucked up things are for 80% of the population.