5 ms·

Now do wages, adjusted for inflation, since 1971.

• arcticbull 4y ago
  They have also kept pace with inflation, why do you ask? [1] [1] https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us...
  • baremetal 4y ago
    https://image.cnbcfm.com/api/v1/image/106972802-1636474969966-20211109-mobile-fallaback-i3rrt-growth-in-u-s-home-values-outpaces-that-of-incomes.png?v=1636475060 https://image.cnbcfm.com/api/v1/image/106972802-163647496996... from cnbc the growth of real estate prices vs wage growth. wage growth has been flat since the '70s.
    • arcticbull 4y ago
      Nothing in that article contradicts anything I said, you've missed some nuance. The BLS data shows that wages have kept pace with inflation. The Census Bureau data shows that the price per square foot of the average American home has remained the same since the 1970s. The spread is that the average new American home now has twice the square footage per person. [1] Of course in major metros, supply constraints keep prices high (and the gap between supply and demand is so large it would take something truly catastrophic to close the gap - SF barely had a 2008, for instance). Outside metros, houses have gotten enormous. In both places, families are smaller. I'm just saying, I don't see a housing bubble looking at price alone. [1] https://fee.org/articles/new-homes-today-have-twice-the-square-feet-per-person-as-in-1973/ https://fee.org/articles/new-homes-today-have-twice-the-squa...