2007 vs Today
The purchasing power of the median household has collapsed. See the data from 2007 below.
Labor Multiplier
It is now 1.0x harder to buy a home than in 2007.
Cost of Living: 2007 Prices
2007
Median Income
$50,230
House Price
$244,950
Today
Median Income
$83,730
House Price
$418,975