1980 median house price: $47,200 = 15,225 hours of labor
2018 average out of college wage per hour: $20
2018 median house price: $320,000 = 12,800 hours of labor
—
Rough calculations with numbers plucked off google, if one wants to quibble over the numbers/data source/proportion of taxes in the calculation/importance of state where one resides/cost of university/etc. we certainly go that route; but the numbers certainly do not seem that dramatically far apart.
1980 median house price: $47,200 = 15,225 hours of labor
2018 average out of college wage per hour: $20
2018 median house price: $320,000 = 12,800 hours of labor
—
Rough calculations with numbers plucked off google, if one wants to quibble over the numbers/data source/proportion of taxes in the calculation/importance of state where one resides/cost of university/etc. we certainly go that route; but the numbers certainly do not seem that dramatically far apart.