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
Because you don’t look at the right metrics, the right one is the median monthly mortgage payment on the average monthly take home pay
This one factor in interest rate variations and get a real feel on how much the house cost in reality to the average homeowners because at the end of the day the weekly/monthly budget drive the show in decision making for people
Looking at the right metrics, the story is very different, it tell about how the 80s were nightmare and how much house affordability actually improved in the years after and how it was overall pretty good from the 2010-2020 and how now it’s at an absolute worse but definitely doesn’t tell the story of your graphic with a gab constantly growing
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