An Average Reassessment

The other day I contended that I’m slightly out of touch with what’s actually “average” as a home price in the US. But…you know…I don’t think I am entirely. …Sadly…

No, in part, given the fact that wages have been unfortunately stagnant over the years and given other decisions made in the US over the course of the last forty years, the middle class has shrunk. It’s lost power. And I believe that that’s reflected in the current median home price.

Outside of regional discrepancies (the south is usually cheaper and the coasts and major cities are more expensive), the middle price (the median) does not, in my opinion, seem to have kept up with inflation. So, I’m perhaps not entirely wrong to think that $300,000 to $500,000 is the basic price of an actual current middle middle class home… Of course $400,000 to $600,000 was the middle to lower end of the average (and probably also median) home in my neighborhood growing up, with inflation, so my perspective would still be slightly skewed just based on those quick numbers, but I think it should be pointed out that I might not be totally off to think that $200,000 is a little low for a true middle of the road house…

*thinking face*

But, again, the middle class is dying. (Hence why the median is a bit low – there aren’t as many middle middle class buyers) It’s been in rough shape for a while, but it’s certainly on bedrest now… And, of course, that’s not good at all for the future (or the present). A strong and growing middle class stabilizes a country with an internal structure like the US. *sigh*

No, but we’ve landed in the late 1800’s in some ways, demographically speaking. It’s a second Gilded Age. And of course that was a time of extravagant beauty and grandeur but also terrible poverty and trouble (for lots of recent immigrants too, in particular, in further irony). And, is it any wonder our food has been tainted more too (with pathogen outbreaks) as it was then? Ha! Just read something by one of the muckrakers… It’s scary how the past rhymes.

Anyway, I just wanted to add that caveat because it hit me yesterday and I needed to say something…