@zacharyloft: Facing the Crunch: Delaware’s Rising Costs vs. Stagnant Wages 🏠💸 Ever feel like everything’s getting more expensive? From homes to personal loans and even your morning eggs—prices are soaring in Delaware. While interest rates reminisce about the early 2000s, our wallets tell a different story. Back then, a median home cost about $120,000—now, it’s leaped to over $350,000! Yet, incomes? Barely a budge from mid-thirties to high forties in average salaries. That’s a sharp contrast to the 300% hike in home prices. Let’s dive into this financial imbalance. How are these changes affecting your life and plans in Delaware? #DelawareLiving #InflationImpact #HomeAffordability #WageStagnation #FinancialChallengesDE #LoftTeamDe #LoftReels
It isn’t just an inflation problem. The cost of construction and time to completion has gone up over the last twenty years. This predates inflationary pressures.
2024-04-17 15:47:18
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