On this week’s Animal Spirits, we discuss
Updated salary needed to buy the median home, by metro area (for actual cities, add a lot more)
San Jose $275k
San Francisco $214k
San Diego $131k
This is after putting 20% downhttps://t.co/FqzuuZDiD3 pic.twitter.com/5nQSLaTyC7
— Mike Rosenberg (@ByRosenberg) August 16, 2018
Why does everyone congratulate people when they "buy" a house?
In most cases the buyer has simply aquired a minority stake in a real estate venture with a bank where they have to pay all operating costs & bear the market risk.
— volfixer (@volfixer) September 2, 2018