1994 vs Today
The purchasing power of the median household has collapsed. See the data from 1994 below.
Labor Multiplier
It is now 1.2x harder to buy a home than in 1994.
Cost of Living: 1994 Prices
1994
Median Income
$32,260
House Price
$130,425
Today
Median Income
$83,730
House Price
$418,975