Average is a very non technical terms as real estate is local market based... but has it gotten out of hand? holy hell yes it has
I can only speak to South Florida and Miami but most people don't know the median income in the area is 55k for an entire family... any housing below 300k is borderline trash... now how is that supposed to work?
12 years ago when the crash happened, you could buy 3 ok homes for that price... that wasn't that long ago...
Reality is that a reset needs to happen and quick or we will need to bring Affordable housing for the middle class nationwide... also recent fed decisions have made the problem worse if you know what I mean.
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2 x N54 -> 1 x N55 -> 1 x S55-> 1 x B58
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