2008 vs Today
The purchasing power of the median household has collapsed. See the data from 2008 below.
Labor Multiplier
It is now 1.1x harder to buy a home than in 2008.
Cost of Living: 2008 Prices
2008
Median Income
$50,300
House Price
$229,550
Today
Median Income
$83,730
House Price
$418,975