During the Great Depression
- The average cost of a House was 3 times the average salary. Today it's 8 timea
- A new decent car was 46% of the yearly salary. Today it's 85%
- Rent was 16% of the annual salary. Today it's 42%
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Was listening to a podcast the other day and heard that when you consider the increase in cost of a new home plus the higher interest rates in effect the cost of buying a home has risen something like 90% in the last 3 years.
I like this guy's take most of the time. Podcast I'm referring to.
Wealthsteading Podcast Epi: 426
Audio
Thanks for sharing, will check it out