The Costs of Homeownership Are Skyrocketing
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Re: The Costs of Homeownership Are Skyrocketing
#2[deleted]
Re: The Costs of Homeownership Are Skyrocketing
#3[flagged]
Re: The Costs of Homeownership Are Skyrocketing
#4Re: The Costs of Homeownership Are Skyrocketing
#5Has the inflation adjusted percent of income spent on all housing costs per square foot of space per occupant changed appreciably over time? I see too many articles that don't even attempt to control for the most obvious of factors.
Re: The Costs of Homeownership Are Skyrocketing
#6Has the inflation adjusted percent of income spent on all housing costs per square foot of space per occupant changed appreciably over time? I see too many articles that don't even attempt to control for the most obvious of factors.
Percent of income doesn't need to be adjusted for inflation :)
Re: The Costs of Homeownership Are Skyrocketing
#7From 2000 to 2022 in the US adjusted for inflation:
The US median income has gone up about 10.5%
The average cost per sq foot of new single family home has gone up about 40%
The average sale price of a home has gone up about 60%
The median sale price of a house has gone up about 70%
https://www.statista.com/statistics/682549/average-price-per...
https://fred.stlouisfed.org/series/ASPUS
Re: The Costs of Homeownership Are Skyrocketing
#8> Property taxes and home-maintenance costs are climbing in much of the country. Non-mortgage costs including property taxes, maintenance, utilities and insurance make up more than half of homeowners’ overall costs, according to a 2022 analysis
Property taxes are proportional to property values, affected by inflation. Insurance is proportional to property values. Home-maintenance costs are materials and labor, both affected by inflation. Utility prices tend to adjust for inflation.
When everything is getting more expensive, it's not a news story that any particular thing is getting more expensive.
Re: The Costs of Homeownership Are Skyrocketing
#9Has the inflation adjusted percent of income spent on all housing costs per square foot of space per occupant changed appreciably over time? I see too many articles that don't even attempt to control for the most obvious of factors.
Percent of income doesn't need to be adjusted for inflation :)
If we are spending more of a percentage of our income for more space that is more about changing desires than price inflation. It is just a way to compare apples to apples.
Re: The Costs of Homeownership Are Skyrocketing
#10Alternative to archive.ph:
https://cc.bingj.com/cache.aspx?d=2295000470791&w=kmXP7Hkhn-...