Your kids can’t afford to be here
From the NY Post: Here’s how much owning a home in 2030 will cost based on stagnant US salaries The national median home price is projected to climb to $615,103 by decade’s end, while income gains lag behind — leaving households across the country priced out of homeownership unless their earnings rise dramatically. Nowhere is the affordability crunch more severe than in Montana, where home prices are forecast to hit roughly $932,584. To keep up, the average household income would need to jump by an eye-popping 144%, reaching nearly $191,000. Once considered a haven of affordable living, the state’s housing market has spiraled upward amid a pandemic-fueled influx of remote workers. California, long a poster child for housing sticker shock, isn’t far behind. The Golden State is projected to see its median home price climb to more than $1.23 million, requiring households to bring in more than $250,000 annually — nearly a 140% increase in average salary — to afford a…
