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I don't really recall an era of many physicians defaulting on their mortgage. In fact I might wager that the median physician pay : median house price was much better back then than today.The rising COL is a new problem of the past decade or so (relative to the cycles of recession/inflation/depression). To project this to the next 10 or even 20 years would be folly. I’m sure Trump will fix it…
I know most people here are too young to remember the late 2000s, but that was an eye opener for many of the time. Ever heard of a truly broke physician underwater on a mortgage? That was the era. Not being able to buy in is actually a blessing by comparison.
No physician I’ve ever met lives in anything close to the median home price, unless we are taking the median home price of like the top neighborhoods for cost.I don't really recall an era of many physicians defaulting on their mortgage. In fact I might wager that the median physician pay : median house price was much better back then than today.
This is true but I stand by my point, you can pick the %ile you like.No physician I’ve ever met lives in anything close to the median home price.
True. That’s also true for nearly every profession except ceosThis is true but I stand by my point, you can pick the %ile you like.
Physician pay : 80th % home price in 2007 was probably better than 2024.
Actually... I'm gonna cross post this (come to the SPF). You want to know why the COL is increasing... it's greed by the wealthy.True. That’s also true for nearly every profession except ceos