> Housing prices are 9x salary Monthly mortgage payments are the same though. (Lower interest rates, etc.) Also building costs gone up. (The plague of single

> Housing prices are 9x salary Monthly mortgage payments are the same though. (Lower interest rates, etc.) Also building costs gone up. (The plague of single family homes, stricter building codes, higher quality requirements from buyers, while buildings are still produced using the old labor intensive methods.) And due to fucked up zoning building low-cost housing is just not happening :/ So folks are basically forced to buy expensive houses.