> Homes got more expensive, income did not increase as fast.
That's true, but not nearly so much so as people tend to believe. Median home price expressed as a fraction of household income is up about 38% since 1985: https://fred.stlouisfed.org/graph/?g=1NXLF
That's significant, and worth talking about. But it's not justification for the ridiculous hyperbole people like to throw around on this. Note that median real income (where "real" means "inflation adjusted") is up by almost the same fraction over the same time period: https://fred.stlouisfed.org/series/MEHOINUSA672N Which is to say, impact on disposable income from housing costs is negligible, especially since so much other stuff is cheaper now.
So basically no: "I still blame housing the most here" is just wrong per the numbers.
That's true, but not nearly so much so as people tend to believe. Median home price expressed as a fraction of household income is up about 38% since 1985: https://fred.stlouisfed.org/graph/?g=1NXLF
That's significant, and worth talking about. But it's not justification for the ridiculous hyperbole people like to throw around on this. Note that median real income (where "real" means "inflation adjusted") is up by almost the same fraction over the same time period: https://fred.stlouisfed.org/series/MEHOINUSA672N Which is to say, impact on disposable income from housing costs is negligible, especially since so much other stuff is cheaper now.
So basically no: "I still blame housing the most here" is just wrong per the numbers.