THE HOUSING WAVE: WAVE ONE, 2025 TO 2027. Here's what nobody's telling you about housing right now.

THE HOUSING WAVE: WAVE ONE, 2025 TO 2027 Here's what nobody's telling you about housing right now, and I'm starting with wave one because it's already happened. This isn't a prediction. This is just math nobody's looking at closely enough. The national income price to income ratio sits at about five point zero eight right now. The recommended healthy max according to financial experts is two point six. We are basically double where it's supposed to be for housing to be considered affordable. The median home price in the US is around four hundred and fourteen thousand dollars. The median household income is around eighty-one thousand. None of the fifty largest metros in the country meets that two point six affordability threshold. Not a single one. San Jose's ratio is eleven point six five, more than four times the recommended max. Los Angeles is hitting around ten point eight. Honolulu's is at ten point three. Even supply-constrained markets like Boston and New York are around six point six to like seven point three. Here's the part that should actually make you angry. Since 1980, home prices rose five hundred and fifty-one percent. Incomes only rose three hundred and seventy-three percent in that same window. Hypothetically, if income had kept pace dollar for dollar with home prices since 1980, the median household would be earning a hundred and fifteen thousand right now instead of eighty-two thousand. That's a thirty-one thousand gap every single year. Multiplied across roughly a hundred and thirty million households in this country.