> After all, salary increases at the rate of inflation That's quite an assumption there. Specifically, it assumes no increases in per-worker productivity. By

> After all, salary increases at the rate of inflation That's quite an assumption there. Specifically, it assumes no increases in per-worker productivity. By your logic, housing never would have been affordable. But we know that it was! > This made it a great investment for the people who already owned housing, but newer generations no longer have access to housing and can't invest in it. Actually about 43% of new homebuyers are millennials, and that could not happen if new generations could not afford housing. https://www.nar.realtor/newsroom/nar-report-shows-share-of-millennial-home-buyers-continues-to-rise https://www.nar.realtor/newsroom/nar-report-shows-share-of-m...