Quote:
Originally Posted by Whitley
Compare the median home cost to median income from 1980 to today. Things may be ok for those of us entering our sixties, but for those just graduating college of HS it is horrible.
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I remember reading that in 1958 housing costs took about 12.5% of the income in a single earner household. Of course houses back then averaged a fraction of the size of today's and rarely had A/C, or necessarily central heating much less modern appliances, TVs, sound equipment, multicar garages and so on.
Only my father worked in 1958, indeed the whole time my brother and I were growing up. I was in HS. We had about a 700 square foot house, two bedrooms, one bathroom, a one car garage, no A/C, one used car.