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To: Skeeter Bug who wrote (96407)	4/19/2001 4:20:26 PM
From: Mike M2	Read Replies (1) \| Respond to of 436258

Skeeter, factor in property tax increases and the picture is worse- just blowing smoke. Mike ho ho ho

To: Skeeter Bug who wrote (96407)	4/19/2001 4:32:45 PM
From: GraceZ	Respond to of 436258

If you read the date on that chart it ends at 1996, here is the more recent data. nar.realtor.com

To: Skeeter Bug who wrote (96407)	4/19/2001 5:58:13 PM
From: Ilaine	Read Replies (2) \| Respond to of 436258

The Census has been collecting data on home ownership since after WWII, but most of it isn't easily accessible without special software. Next time I go to the library I'll copy it down. In the meantime, here's a few factoids: Percentage of average income spent on mortgage for average home today - 17.3% (click on housing affordability index) nar.realtor.com Percentage of income spent on a mortgage of a single family dwelling in 1991 - 13% (see table 2a) (really huge file - don't bother unless you've got broadband): census.gov Percentage of homeownership from 1965 to present - 62.9% in 1965, 67.1% in 2000. 67.1% is the historic high, by the way. census.gov I don't think 17% of monthly income is a staggering amount to pay for housing - 25% used to the rule of thumb to qualify for a mortgage - and if houses are unaffordable why do more people own them than ever?

To: Skeeter Bug who wrote (96407)	4/19/2001 9:51:18 PM
From: Mark Adams	Read Replies (3) \| Respond to of 436258

Notice the word median? Homes are getting larger, sq ft wise, and more features. That is driving the higher end up, the desirable homes for those who can afford them. If you were to look at the mean instead, you might find that the older housing stock improved in terms of affordabilty, especially as people find work and move up and out of section 8 housing/welfare. I don't have stats to back this up, I just remember reading somewhere about the use of the median which colored the data.