I’m thinking about the argument that people should just move to a cheaper area if they can’t afford the city. Doesn’t this graph suggest that even if everyone could move anywhere without reducing their salary most working people would still not be able to afford a home?
It might be true, but you can’t say that from that graph, which is part of my point. Median income and median home prices for such a gigantic and diverse area make it hard to know what the situation is in a specific area of a specific state. I mean, just in my state (California) there are areas where every home is multi-million dollar, and areas where they’re reasonably cheap.
Yep, got that. I’m saying the standard deviation is so high that there’s not a lot of use in discussing median prices across the country.
I’m thinking about the argument that people should just move to a cheaper area if they can’t afford the city. Doesn’t this graph suggest that even if everyone could move anywhere without reducing their salary most working people would still not be able to afford a home?
It might be true, but you can’t say that from that graph, which is part of my point. Median income and median home prices for such a gigantic and diverse area make it hard to know what the situation is in a specific area of a specific state. I mean, just in my state (California) there are areas where every home is multi-million dollar, and areas where they’re reasonably cheap.