That's simply not true, in nominal terms income has increased quite substantially. In real terms they haven't climbed much, but then you're comparing a home pri

That's simply not true, in nominal terms income has increased quite substantially. In real terms they haven't climbed much, but then you're comparing a home price increase to an income that's already been adjusted for prices, that makes no sense. To understand if housing became more affordable you'd have to look at nominal income levels versus nominal housing costs. Look at median income for example here: https://fred.stlouisfed.org/series/MEHOINUSA646N https://fred.stlouisfed.org/series/MEHOINUSA646N That's a 50% increase since 2008. It's not the top 1%, it's not an average where the high-earners jack up the average. It's a median, the middle-earning person in the US, now earning 50% more yearly than 2008. Combined with much lower interest rates and consistently bigger homes, housing is much more affordable compared to then.