2002 vs Today
The purchasing power of the median household has collapsed. See the data from 2002 below.
Labor Multiplier
It is now 1.1x harder to buy a home than in 2002.
Cost of Living: 2002 Prices
2002
Median Income
$42,410
House Price
$186,025
Today
Median Income
$83,730
House Price
$418,975