U.S. Housing Became Much More Affordable Over The Last 40 Years
Compared to 1980, the time required to earn the money to pay the mortgage on a per square foot of housing has fallen by 62.1 percent.
Originally published in Forbes.com by Marian Tupy and Gale Pooley
In recent weeks, much was written about the rising cost of U.S. housing. In this article, we explore the affordability of U.S. housing between 1980 and 2020 using time prices, which measure the amount of time a blue-collar work…