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Is It Better to Rent or Buy a Home?
Money For the Rest of Us
NetSuite: The Best Offer We've Ever Seen
In 1975 it took 60 hours for the median American worker to purchase a television. In 2013 it was seven hours. A treadmill would have cost 18 hours worth of work in 1975 versus 6 hours in 2013. Automobiles are three times cheaper today than they were back in 1975 based on what the median worker earned. But not housing. As a result, housing is becoming an ever-increasing percentage of household budgets. Often requiring both partners or spouses having to work in order to afford a place to live.
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