> Property taxes and home-maintenance costs are climbing in much of the country. Non-mortgage costs including property taxes, maintenance, utilities and insurance make up more than half of homeowners’ overall costs, according to a 2022 analysis
Property taxes are proportional to property values, affected by inflation. Insurance is proportional to property values. Home-maintenance costs are materials and labor, both affected by inflation. Utility prices tend to adjust for inflation.
When everything is getting more expensive, it's not a news story that any particular thing is getting more expensive.
Has the inflation adjusted percent of income spent on all housing costs per square foot of space per occupant changed appreciably over time? I see too many articles that don't even attempt to control for the most obvious of factors.
Alternative to archive.ph:
https://cc.bingj.com/cache.aspx?d=2295000470791&w=kmXP7Hkhn-...
[flagged]
From 2000 to 2022 in the US adjusted for inflation:
The US median income has gone up about 10.5%
The average cost per sq foot of new single family home has gone up about 40%
The average sale price of a home has gone up about 60%
The median sale price of a house has gone up about 70%
https://www.statista.com/statistics/682549/average-price-per...
https://fred.stlouisfed.org/series/ASPUS
https://fred.stlouisfed.org/series/MSPUS
https://fred.stlouisfed.org/series/MEHOINUSA672N