2004 vs Today
The purchasing power of the median household has collapsed. See the data from 2004 below.
Labor Multiplier
It is now 1.0x harder to buy a home than in 2004.
Cost of Living: 2004 Prices
2004
Median Income
$44,330
House Price
$218,150
Today
Median Income
$83,730
House Price
$418,975