Former White House communications director Anthony Scaramucci warned that inflation and rising housing costs are leaving millions of Americans financially strained, arguing that many households can no longer realistically afford the median-priced U.S. home.
Posting on X on Sunday, Scaramucci argued that rising housing costs and persistent inflation are leaving many Americans unable to afford the median-priced U.S. home.
Scaramucci said the median home price in the U.S. currently stands at roughly $432,000 and estimated that households would need about $160,000 in annual income to comfortably afford the mortgage while still maintaining financial flexibility.
"The median income is $84,000," Scaramucci wrote. "That means half the country can’t afford the median house."
He said the affordability gap is increasingly forcing Americans to cut back on essential spending, including healthcare and routine expenses.
