1998 vs Today
The purchasing power of the median household has collapsed. See the data from 1998 below.
Labor Multiplier
It is now 1.3x harder to buy a home than in 1998.
Cost of Living: 1998 Prices
1998
Median Income
$38,890
House Price
$151,925
Today
Median Income
$83,730
House Price
$418,975