This meme is a graph that shows the cost of a home in the United States, with a price of $1,000,000 in 2023, and a price of $1,000 in 1973. The text "1/4 of a house for the price of a house" is written above the graph, highlighting the massive increase in home prices over the past few decades. The graph is meant to be humorous, poking fun at the absurdity of the high cost of living in the US.
2023-12-17T06:02:28+00:00
Homebuyers Need to Earn $115,000 to Afford Median-Priced U.S. Home--More Than Ever Before "Affordable" means homebuyer spends no more than 30% of income on monthly mortgage payment $140,000 ‘Aug, 2023: $114,627 $120,000 $100,000 $80,000 Aug. 2022: $99,342 $60,000 ‘Aug. 2020: $74,657 $40,000 ‘Aug. 2022: $51,784 $20,000 ° REDFIN