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Day: June 29, 2018

Home Ownership is still the American Dream

This chart is pretty chilling. It basically shows that middle class income has remained stagnant while housing prices have gone way up. Except for the housing crisis 10 years ago, the trend is clear. If you bought a house 50 years ago, it cost you a little more than 2X your annual income. Today, it’s 3x to almost 6x your annual income. In the Bay Area its even worse. Houses are 10X salaries! This is typical for the Bay Area. Houses are going up at alarming rates, but salaries are not. How can a person in their twenties or thirties…