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Home Buying: Most Affordable in Decades


Parsad
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We just bought a new home last month, for us things really are more affordable now than I can ever remember. 

 

I do think the article is misleading in a couple of ways though.  Technically 20 years is "decades", but that's really a stretch IMO.  The other thing the article doesn't go into is how many families earning the median income are currently underwater on a home and have no down payment.  I think they are defining affordable purely as percentage of income without considering other factors.

 

Real affordability would be a return to the days when a single income family could afford a home making service job level wages.

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