Homes Values in Seattle Earn an Equivalent of $54 Per Working Hour, Almost Twice the Average Wage

by Charles Mudede tifonimages/gettyimages.com
Zillow Research has determined that home values in our city are currently "appreciating more than 3.5 times faster per working hour than [what] minimum wage workers earn." What this means in hard money: A homeowner who earns, say, the average (mean) hourly wage for the Seattle area (around $30) is making much less, in terms of equity, than their house ($54). A houses' use-value is diminishing every day as its exchange-value rises. And because the cit