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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: KyrosL who wrote (24552)10/15/2004 6:00:09 PM
From: fattyRead Replies (1) of 306849
 
According to this file:

www.census.gov/prod/2003pubs/p70-88.pdf

The *median* household networth (which includes home value, IRA, 401k, vehicles etc) in the US in 2000 was $55,000. So if the average household networth in 2004 is $474,000 (assuming a household size of 3 and base on your calculation of $158,000 per person), it either means the home value has appreciated beyond imagination or the rich people have become insanely rich in the past four years. Or maybe the Fed is disagreeing with the Census Bureau.
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