And so. And great parents, by the way, phenomenal upbringing, great values. So back when they wanted to go buy a Home. In their beginning income years, you know, 1970s, 1980s, Home prices were on average about three times the average income in America. They are now seven times the average income in America. Rents have gone up, inflation adjusted from about $900 a month to now about $1500 a month. Inflation adjusted. Inflation adjusted. The age of a first time home buyer in 2008 was 30 years old. (27:30–27:38)
CLAIM
Asserts that home prices have increased from three times to seven times the average income in America.
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