barbarus
Recycles dryer sheets
- Joined
- Aug 1, 2007
- Messages
- 433
Taken from an article quoting NAR figures.
"From 2000 to 2006, median family income rose almost 14 percent, to $57,612.
Over the same period, the median-priced existing home increased about 50 percent, to $221,900. By other indicators, the increase was even greater.
Of course incomes here are three or four times higher, but most Americans really do fall into the range quoted in the article.
Either incomes double or houses fall by 50%.
"From 2000 to 2006, median family income rose almost 14 percent, to $57,612.
Over the same period, the median-priced existing home increased about 50 percent, to $221,900. By other indicators, the increase was even greater.
Of course incomes here are three or four times higher, but most Americans really do fall into the range quoted in the article.
Either incomes double or houses fall by 50%.