What are they trying to tell us? That housing used to be more affordable years ago and now everyone looking for one today has missed the boat? Because that is the reality.
Wages have not meaningfully increased for the American middle class, while unchecked inflation and scarcity has caused the cost of housing to skyrocket.
If OP worked two jobs to buy a house in 1980, they’d need to work three jobs in 1990. Or five jobs in 2010. Or nine jobs in 2020. And the market has not gotten any better since then.
Two things your graph doesn’t show you. Interest rates when I left high school were double what they are now. Also the unemployment rate was more than double what it is now.
What are they trying to tell us? That housing used to be more affordable years ago and now everyone looking for one today has missed the boat? Because that is the reality.
Wages have not meaningfully increased for the American middle class, while unchecked inflation and scarcity has caused the cost of housing to skyrocket.
If OP worked two jobs to buy a house in 1980, they’d need to work three jobs in 1990. Or five jobs in 2010. Or nine jobs in 2020. And the market has not gotten any better since then.
Two things your graph doesn’t show you. Interest rates when I left high school were double what they are now. Also the unemployment rate was more than double what it is now.