According to John Haar, “The median price of a US home in 1940 was a little under $3k. Today it's around $450k.
That's an average increase of ~6.25% per year.
If that rate continues, in 30 years the median price of a US home will be over $2.6 million.”
*******************
Taking John’s math and combining it with income, we see the *rate* of housing increasing twice as fast as wages, forcing many people to go deeper and deeper into debt should they want to own a home:
The estimation of median wages in 1940 = $774 (US Census, average men/women)
In 2023, estimated median wages = $57,200 (BLS)
In 1940, rate of housing-to-wages = 3.9x
In 2023, rate of housing-to-wage = 7.9x
1940-2023, wages = 74x
1940-2023, housing = 150x
Got #bitcoin ?
WaldoStackjoiner /
npub1mv…esx77
2023-04-27 12:49:50
Author Public Key
npub1mvm0wzfrfxx559u36c8kkplav0p0lxnhhjh2nvza07snx65nkkjseesx77Published at
2023-04-27 12:49:50Event JSON
{
"id": "bb30344e78714908d167042606382b8f763e784ce81e71765c79774e7a8e275e",
"pubkey": "db36f70923498d4a1791d60f6b07fd63c2ff9a77bcaea9b05d7fa1336a93b5a5",
"created_at": 1682599790,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "According to John Haar, “The median price of a US home in 1940 was a little under $3k. Today it's around $450k.\n\nThat's an average increase of ~6.25% per year.\n\nIf that rate continues, in 30 years the median price of a US home will be over $2.6 million.”\n\n*******************\nTaking John’s math and combining it with income, we see the *rate* of housing increasing twice as fast as wages, forcing many people to go deeper and deeper into debt should they want to own a home:\n\nThe estimation of median wages in 1940 = $774 (US Census, average men/women)\nIn 2023, estimated median wages = $57,200 (BLS)\n\nIn 1940, rate of housing-to-wages = 3.9x\nIn 2023, rate of housing-to-wage = 7.9x\n\n1940-2023, wages = 74x\n1940-2023, housing = 150x\n\nGot #bitcoin ? ",
"sig": "cf51b83f1a1e61d34ad39468a91642e20f38907157244a8d0c724f573fb4c08cc8124e137d6814ef6e3ffbeed0e2fb6561e222d0163c9ea450e44c2f3ba20d7a"
}