alt Hacker NewsHome prices differ a huge amount by the income of the people in the area
This is a meaningless statistic with zero nuance. Average is also the wrong thing to look at
Home prices differ a huge amount by the income of the people in the area
This is a meaningless statistic with zero nuance. Average is also the wrong thing to look at
That's all true, but the average comment might cut the opposite way. New construction is skewed towards larger expensive homes, which does tell us a bit about the supply issues of smaller starter homes in general.
Most of the issue preference. There are foreclosed homes that are <$100k, but they are in areas people don't want to live, or can't due to lack of job options.