In 1960 a new house cost an average of $12,700 while the average yearly household income was $6691. In 2018 average new home cost is $318,000 while average household income was $59000.
Why don't you own a home again, millennial scum? Maybe you should learn to save money.
>1970s my house was originally built/sold at $17k
>boomers keep it til 2010
>sell it to me for $175k
>8 years later, its worth $175k
whats the point
Not buying your bags you 60 year old boomer
Gap between income and cost.
>mfw last December I could have bought the equivalent 3 1960s houses
Interesting.
I want a house cause apartments suck not cause of muh investment
34 year old boomillenial here. I do own a home.
Lol in Vancouver a 1 bedroom 600 square feet apartment is around 400k. An average house in the suburbs can range from 900k to 3 million depending on the location.
Meanwhile the average income is like 60k a year.
my grandma bought a house in Victoria, BC Canada for like $30k decades back and now it's worth $1.3 million, shits retarded. I was supposed to inherit it but she re-married a younger man like 5 years ago and he swindled her into changing her will.
That bubble has to pop sometime.