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No? I think that housing prices as a percentage of income have increased since then and are trending worse for younger generations, which a quick google suggest
by claudeganon 6y ago
No? I think that housing prices as a percentage of income have increased since then and are trending worse for younger generations, which a quick google suggests is true:
https://www.jchs.harvard.edu/sites/default/files/Harvard_JCHS_Americas_Rental_Housing_2020.pdf https://www.jchs.harvard.edu/sites/default/files/Harvard_JCH...
https://www.usatoday.com/story/money/personalfinance/real-estate/2018/05/18/millennials-spend-large-percentage-income-rent/609061002/ https://www.usatoday.com/story/money/personalfinance/real-es...
The late 90s (just before this study ends) were also one of the last periods of meaningful wage growth.
So combined with, again, a lack of consideration about things like rising healthcare costs, it’s difficult to view this study as relevant or meaningful. And especially when the data ends before the now two largest downturns since the Great Depression.