Monday, February 19, 2007

How Much to Own a Home?

The Drum Major Institute has put out their overview on the middle class squeeze. Here's the piece that jumped out at me:
An annual income of $84,957 was needed to qualify to purchase the median priced U.S. home, which cost $248,000 in the third quarter of 2006, according to the Center of Housing Policy. This put homeownership beyond the median annual salaries of such solidly middle-class occupations as registered nurses (median salary $58,640), elementary school teachers ($47,104), police officers ($45,780), and accountants ($47,604). (click here)
If we want America to be a nation of homeowners then that needs to change. What are your ideas for making housing more affordable?

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1 comment:

Anonymous said...

government sponsered in-fill projects across americas cities, run with that