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>I would love to know the proportion of people at, say, 25 that can afford to buy a house (in the area they grew up and of some reasonable size e.g. 3 bedroom)
by treis 6y ago
>I would love to know the proportion of people at, say, 25 that can afford to buy a house (in the area they grew up and of some reasonable size e.g. 3 bedroom) over time. Sure, income has gone up, but so have house prices
That question is more about how government is for young people than the economy. High Housing costs are mostly caused by local government policy. In places where developers can respond to demand housing isn't any more expensive today than it was in the last 50 years.
- bhupy 6y agoCorrect, this thread (and the tool linked to it), breaks down what that looks like across localities -> https://twitter.com/jmhorp/status/1221828310000271361 https://twitter.com/jmhorp/status/1221828310000271361