A house in 1990 cost 3x the average salary.
A house in 2026 costs 10x the average salary.
Wages went up 30%.
Housing went up 400%.
But yeah... "nobody wants to work anymore."
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Money supply inflation and the Cantillon effect distorted every aspect of the market, and acceleration in inlation led to expanding the wealth gap and rising prices for inelastic commodities.
at the end of the day its an infinite cost, because your property taxes never get payed off, and generally only increase with time. So ownership of property in the US is just futile. Unless you do it through all the loopholes that the rich use.
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It’s not that people don’t want to work.it’s that wages haven’t kept up with the insane rise in housing costs. 400% vs 30% is a gap that’s impossible to bridge with just hard work.
Exactly, real inflation is way higher than the junk basket governments use to measure it.
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