Piketty has the goods (on page 19), and adjusted for inflation they were stable: http://piketty.pse.ens.fr/files/Schularicketal2014.pdf http://piketty.pse.ens.f

Piketty has the goods (on page 19), and adjusted for inflation they were stable: http://piketty.pse.ens.fr/files/Schularicketal2014.pdf http://piketty.pse.ens.fr/files/Schularicketal2014.pdf You can argue about his conclusions, but you cannot argue with data. People today have no idea about the percentage of income that went into housing back then. It was really small! In my corner of the nation (rural), fixer-uppers that no bank will give you a mortgage on are going for 150 kUSD and more! That's > 125 USD/ft^2! It's madness!