Over the past year, it’s become quite clear that the U.S. housing market has recovered. However, does it really feel like the economy as a whole has? For most of us, probably not, and that’s largely because it hasn’t. Unemployment is down, but that’s because of the funny way the U.S. measures unemployment — there are plenty of people who are “no longer looking for work” that don’t count in that statistic. And as the housing market recovers, costs of rents don’t naturally decrease. ATTN has an interesting article that compares costs of housing to the minimum wage. Granted, they have an axe to grind, and it might not be your axe, but it’s still interesting, at least statistically.
Theresa Springer’s Blog
Does U.S. Housing Have An Affordability Problem?
January 5, 2016