What is the black line? 2.6x salary? bc it looks off
gbac16 on
I am a teacher and in 2004, I bought my house for around $120k. I made $37k in my fourth year, and had zero to put down and zero in savings. The lender approved me for up to $275k. That’s when I knew something was wrong. And then the housing crisis happened. Luckily I was savvy enough to not borrow that whole amount.
Momoselfie on
Almost didn’t even notice Hawaii way out there.
ymi17 on
So being *under* the line is good in this case? (For the teacher)
perldawg on
without your title telling me what i’m supposed to conclude, this graph wouldn’t mean much to me. i wouldn’t really understand the relationship between the 2 lines, it would just look like a scatter plot of home prices and teacher salaries by state with a black line across the bottom
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Sources are listed in the image; they are:
for home prices:https://en.wikipedia.org/wiki/List_of_U.S._states_by_median_home_price
for teacher salaries: https://study.com/academy/popular/teacher-salary-by-state.html
This was done using R.
What is the black line? 2.6x salary? bc it looks off
I am a teacher and in 2004, I bought my house for around $120k. I made $37k in my fourth year, and had zero to put down and zero in savings. The lender approved me for up to $275k. That’s when I knew something was wrong. And then the housing crisis happened. Luckily I was savvy enough to not borrow that whole amount.
Almost didn’t even notice Hawaii way out there.
So being *under* the line is good in this case? (For the teacher)
without your title telling me what i’m supposed to conclude, this graph wouldn’t mean much to me. i wouldn’t really understand the relationship between the 2 lines, it would just look like a scatter plot of home prices and teacher salaries by state with a black line across the bottom