You’re deliberately ignoring what I actually wrote. Two high school grads working minimum wage jobs in 1960 could have been homeowners in about five years. There are hundreds of reasons why the ownership rate was lower in the past.
You just handwaved away the graph, provided nothing other than the ridiculously vague, “There are hundreds of reasons why.” And you are attacking them for having no argument?
I waved it away because it doesn’t refute the facts. The fact is that a teenage couple making minimum wage in 1960 would be able to purchase a home in about five years. Nothing you’ve posted has disproved that. The fact that people chose not to do it is irrelevant. I don’t have to cite the reasons why something didn’t happen.
In 1960, minimum wage was $1.00/hour and the price of the average US home was $11,000.00
How many minimum wage workers are out there right now looking to buy a new home?
They weren’t buying then either
So, you agree, people were able to buy a house on minimum wage in the past and can’t do that today?
They were not, look at ownership rate.
You’re deliberately ignoring what I actually wrote. Two high school grads working minimum wage jobs in 1960 could have been homeowners in about five years. There are hundreds of reasons why the ownership rate was lower in the past.
Could have been, but did not buy homes. Explain why
If you actually had an argument, you’d be able to present a variety of proof, instead of just posting the same graph over and over.
You just handwaved away the graph, provided nothing other than the ridiculously vague, “There are hundreds of reasons why.” And you are attacking them for having no argument?
I waved it away because it doesn’t refute the facts. The fact is that a teenage couple making minimum wage in 1960 would be able to purchase a home in about five years. Nothing you’ve posted has disproved that. The fact that people chose not to do it is irrelevant. I don’t have to cite the reasons why something didn’t happen.
Thought you’d never ask
None of those charts changes the fact that in 1960 a pair minimum wage workers could have brought a house in about five years.