> IMO that means that people have more money, or the prices wouldn't go up in places once reserved to the poor. Whatever, on an average salary you can’t afford

> IMO that means that people have more money, or the prices wouldn't go up in places once reserved to the poor. Whatever, on an average salary you can’t afford to live in a council flat that 30 years ago was meant for the poor. It means that you are poorer. > Also, IMO, data says that salaries are going up, not down. I think much of the effect is due minimum wages and the fact that prices of accommodation got more expensive is because market knows people are earning at least a certain amount of money. Data says that real salaries in the UK are still below 2007. > Also, houses of 2022 are very different from houses of the 50s. You wouldn't put your worst enemy to live where poor people lived no more than 50 years ago. Council flats haven’t been replaced by luxury apartments, they are the same shitholes they were 40 years ago, but now you can’t afford to live in there with an average salary. > So we spend more on housing because the life style "I work 16 hours a day and come home only to sleep" has radically changed into "I spent a lot of my time at home, even for leisure" (streaming, gaming, etc.) We spend more on housing because we stopped building houses and prices went up. One doesn’t spend an entire salary on rent because they like Netflix. > My parents bought a house paying 19% of interest rates. > I'm paying less than 1% I’d gladly pay 19% interest if my flat cost a third and inflation was 15%.