It's just interesting that the Democrats' cut-off for what makes somebody rich enough to pay more taxes went from $250k to $400k in the past 10 years. It couldn't be because high-earning professionals are now mostly a Democratic constituency, could it?
I mean 250k in 2012 is worth around 338k today and housing wasn’t anywhere near as expensive in those days
A family making $250k/yr is in the 92nd percentile of households in the U.S. If you can't afford a mortgage on that salary, it's not housing prices that are your problem.
And how much would it have been in 2012. You can’t directly compare incomes from 12 years ago and pretend that it’s not worth less today and the cost of living situation is the same .
Also yes they can afford a mortgage but they probably could have gotten a better house with a household income of 250k in 2012 than a household income of 400k today .
