Home Ownership and the Value of Paychecks

Two reports are out on home ownership and how far paychecks go in certain cities. They’re not related, except that you need a paycheck to buy a home, generally, but I found the research interesting. In the Gallup report, the findings showed that the recent housing bust didn’t scare off most younger adults from chasing the American dream of home ownership. Of some 3,400 people polled, nearly 70 percent of those ages 18 to 29, and almost 30 percent of …