Viewing a single comment thread. View all comments

niknah t1_ivy13vd wrote

If this chart started 10 years ago, it wouldn't look as bad.

Here's a comparison with people's incomes... https://www.numbeo.com/property-investment/gmaps.jsp

2

Newmanuel t1_ivzt7x7 wrote

average salaries is a very distorting metric, particularly in high cost cities that house many of the ultra rich. I live in NYC and 6.1k/mo after tax is not an average salary here (thats like 120k annual pre tax). If you look at the median income in most neighborhoods, youll find that outside of a few strips of manhattan and the prospect park area, its somewhere between 35-70k.

−1