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7/26/2025, 3:04:07 AM
>>511375864
Using this as a quick reference from 1973 and the min wage at that time being 1.6 per hour
37k at 1.6 per hour gives a needed amount of hours of 23125 to be able to fully pay off that house, assuming no taxes or interest
426000 at 65 dollars an hour gives 6.5k hours needed of work to do the same
at current 7.5 for the same 426k house its 56k hours
so in terms of effort and time without regards to increased prices in other commodities taxes insurance etc, to buy a house with the same amount of hours worked as in 1973 for that 37k, min wage would be 18.4 per hour for 23125 hours
Using this as a quick reference from 1973 and the min wage at that time being 1.6 per hour
37k at 1.6 per hour gives a needed amount of hours of 23125 to be able to fully pay off that house, assuming no taxes or interest
426000 at 65 dollars an hour gives 6.5k hours needed of work to do the same
at current 7.5 for the same 426k house its 56k hours
so in terms of effort and time without regards to increased prices in other commodities taxes insurance etc, to buy a house with the same amount of hours worked as in 1973 for that 37k, min wage would be 18.4 per hour for 23125 hours
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