1989 vs Today
The purchasing power of the median household has collapsed. See the data from 1989 below.
Labor Multiplier
It is now 1.2x harder to buy a home than in 1989.
Cost of Living: 1989 Prices
1989
Median Income
$28,910
House Price
$120,425
Today
Median Income
$83,730
House Price
$418,975