Reading the article the whole time waiting to see the words “real” or “adjusted” — thank you for doing the leg work. It is no surprise that all but the fastest

Reading the article the whole time waiting to see the words “real” or “adjusted” — thank you for doing the leg work. It is no surprise that all but the fastest growing wages cannot outpace all but the fastest growing real estate prices in the world. If those wages were nationally adjusted for inflation instead of locally adjusted for housing costs, the story would be entirely different. The middle-wage jobs aren’t fully pricing in real estate I suppose because the people who hold those jobs don’t live in the “Real Bay Area” and must commute long distances to work. It’s terrible for just about everyone for housing prices to raise faster than 2-3% annually, certainly any faster than national inflation rates will impact mobility.