Jul 19, 2023
My father purchased his first home in 1962 as a newly-minted architect making $12k/year. The brand-new mid-century modern home cost less than 2-1/2 times his annual income.
In 2023 the same (now 60-year old) home would sell for nearly 30x the income for a person doing the same job(!)
It's not $5 lattes keeping people from surviving anymore...