2 ms·
Good Point - but double income is just part of it. The other parts are: - ZIRP and resulting housing price increases - overleverage on housing, driving up hous
by TuringNYC 9y ago
Good Point - but double income is just part of it. The other parts are:
- ZIRP and resulting housing price increases
- overleverage on housing, driving up housing prices
- mainstream acceptance of spending 50% of income on housing in many markets
But your point remains -- costs are out of line from our parents' generation. I cannot afford to buy my father's house even with 4x the salary he made. Salary-Housing multiples are insane and drives people to make poor work choices.
- deleted 9y ago[deleted]