1997 vs Today
The purchasing power of the median household has collapsed. See the data from 1997 below.
Labor Multiplier
It is now 1.3x harder to buy a home than in 1997.
Cost of Living: 1997 Prices
1997
Median Income
$37,010
House Price
$145,000
Today
Median Income
$83,730
House Price
$418,975