It doesn't take into account market conditions either buying or selling, nor does it narrow down "income" and inflation....... don't get me started.
This graph basically says Boomer X made $50,000 last year and was able to buy a $100,000 home. NOTHING. It's bullshit. I know it's bullshit because I looked at it and said, "damn, I bought a house in that market? I must be stupid". It doesn't feel stupid. What would have been stupid is for Boomer X to buy a home for $300,000.
You know what? why am I even bothering. You wasted my time.
RMGoetbbels -5 points 1.4 years ago
That's not "proof", your graph is bullshit.
It doesn't take into account market conditions either buying or selling, nor does it narrow down "income" and inflation....... don't get me started.
This graph basically says Boomer X made $50,000 last year and was able to buy a $100,000 home. NOTHING. It's bullshit. I know it's bullshit because I looked at it and said, "damn, I bought a house in that market? I must be stupid". It doesn't feel stupid. What would have been stupid is for Boomer X to buy a home for $300,000.
You know what? why am I even bothering. You wasted my time.