'You have not explained how you've connected the 50th percentile wage earner to "50% of homes".'
Yes I did. It's the second paragraph of this post. You may want to read it again keeping in mind your question has already been answered: https://news.ycombinator.com/item?id=35041925
"Bringing up other unrelated items which obviously don't have a %50 <-> %50 mapping should have made that clear. "
Incorrect, as I've already explained in the above post. Eggs are a fungible commodity, homes aren't.
There's plenty of facts I'm willing to take axiomatically at face value:
* Avocados aren't houses
* Eggs are fungible
* Homes are not homogenous
* Half of all earners earn above the median
* Half of all earners earn below the median
> as I've already explained in the above post. Eggs are a fungible commodity, homes aren't.
So all I have to do is find a non-fungible commodity X (which is not as "silly" as private jet), and it will follow that 50% of X will be unaffordable to the median buyer?
Yes I did. It's the second paragraph of this post. You may want to read it again keeping in mind your question has already been answered: https://news.ycombinator.com/item?id=35041925
"Bringing up other unrelated items which obviously don't have a %50 <-> %50 mapping should have made that clear. "
Incorrect, as I've already explained in the above post. Eggs are a fungible commodity, homes aren't.