I see charts from the 1960’s – 2000 showing wages keeping up with the cost of housing. Then there’s a huge boom in housing cost. What factors caused the price to jump so high? Is it only the low interest rates, or did something else happen?
For example: [https://imgur.com/a/8HWIlqx](https://imgur.com/a/8HWIlqx)
Edit:
This guys just uploaded a video today answering the question I posted. He says a lot of the same things that you guys said too[https://www.youtube.com/watch?v=eL9DBjfhWAE](https://www.youtube.com/watch?v=eL9DBjfhWAE)
In: 50
I don’t know why more people aren’t mentioning this, but corporations buying up investment property is probably the single biggest contributor to the current housing shortage (and thus high prices). I live in Phoenix AZ. Over 20% of the homes here are vacant because they were bought up by investment firms that are just sitting on them. We have had some of the highest increases in cost of living and housing prices nationwide.
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