Despite rising U.S. home prices, they aren't more expensive today than they were 30 years ago when adjusting for inflation and today's lower mortgage interest rates. But that isn't the case for every U.S. city. And there's a big, white elephant that nobody is talking about.
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Affordability Gaps Widen For U.S. Homes
If saving money were a sport, thirty-four year old Alex Smith might qualify for the national team. He lives with his wife and their 18-month old son in Everett, Washington where they bought a home three years ago. After income taxes, their household income is about $65,000 a year. But Alex is fruga…
