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by missedthecue
1897 days ago
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In Bessemer Alabama, where the union effort recently was voted down by the employees, the median annual income is $19,000 and Zillow is full of houses selling for $110k. $31.5k is a middle class income there and certainly not poverty level. |
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House prices aren't telling you anything: Poor folks have trouble saving up for a down payment and have more issues keeping credit good enough for a house, due to lack of funds to pay things. House prices matter little if you can't actually qualify to buy them.