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The annual U.S. household income needed to purchase an avg US home:

Jan. 2020 -> $51,646

Jan. 2021 -> $51,740

Jan. 2022 -> $62,669

Jan. 2023 -> $86,184

Jan. 2024 -> $92,006

Jan. 2025 -> $92,538

That’s a +79% shift in just 5 years.

This is the flip side of what I call 14% debasement - ie if you are not making 14% more on your assets per year or earning that much more you are not treading water. Video explaining this coming soon as @Gaess and others keep on asking.

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Comments

Frylock

Starting to feel out of place here. Learned this in Econ. I see people moving overseas to protect wealth. I am just accepting that I will not be buying a home for my family in this lifetime…unless you sell me your Bitcoin and your Tesla of course.😀

Hartst

Doesn’t this have more to do with interest rates than debasement? It’s obviously both but I would argue mortgage rates are the more significant factor here. This would align with the significant jump in 2022.