1987 vs Today
The purchasing power of the median household has collapsed. See the data from 1987 below.
Labor Multiplier
It is now 1.2x harder to buy a home than in 1987.
Cost of Living: 1987 Prices
1987
Median Income
$26,060
House Price
$104,700
Today
Median Income
$83,730
House Price
$418,975