There is a number I cannot stop thinking about. The median price of a single-family home in the United States is now 5.4 times the median household income. In 1984, that ratio was 3.1. In many major metros, it has crossed 8.
Behind that number is a generation — millennials now in their late 30s, Gen Z just starting out — for whom homeownership has become not a milestone but a mirage.
Aaron Cole
Opinion columnist and editorial board member at AVA Journals.
