Nick Gerhli - Biggest Housing Bubble in US History

Wednesday, May 1, 2024

Post from Peter St Onge, Ph.D. (@profstonge)

Peter St Onge, Ph.D. (@profstonge) posted at 5:32 AM on Mon, Apr 29, 2024:
Housing costs hit new record of $2,775 per month.

That's almost double since the pandemic -- and the inflation.

Housing costs are now nearly half of median family income -- for housing alone.

As a result, it now takes $110,871 in annual income just to qualify for the median… https://t.co/UGzspD42BD
(https://x.com/profstonge/status/1784923790952042970?t=x7bA5-fuQZ0-9n1q3719fw&s=03

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