1988 vs Today
The purchasing power of the median household has collapsed. See the data from 1988 below.
Labor Multiplier
It is now 1.2x harder to buy a home than in 1988.
Cost of Living: 1988 Prices
1988
Median Income
$27,230
House Price
$112,225
Today
Median Income
$83,730
House Price
$418,975