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Is anyone skilled enough with FRED to link to cost of home / annual income since like 1950 to understand what's going on here Also can you explain how the defi
by kristopolous 3y ago
Is anyone skilled enough with FRED to link to cost of home / annual income since like 1950 to understand what's going on here
Also can you explain how the definition of household income has changed? Was it ever more multigenerational than now (I know it's moved from man to man+woman, but I'm wondering if the idyllic households of the 1950s is actually an unrepresentative sample).
Intuitively the average age of first child was close to 20 in the 1950s which meant you'd have say, 25/45 generational pairs as opposed to today when it's much closer to beginning/end career pairings and certainly in many cultures generational cohabitation is much more the norm than the exception.
Essentially I want to understand the trend of affordability with the context of the conflating social factors
- vinyl7 3y agoLike this? https://fred.stlouisfed.org/graph/?g=17u6e https://fred.stlouisfed.org/graph/?g=17u6e
- kristopolous 3y agowow! The growth after 2019 is outlandish! I'd like to conclude this is not merely "greedy AUM groups buying up all the housing stock" because that's the X factor but I can't for the life of me think of a social factor which can normalize that trend (such as say, increasing longevity, net migration, etc.)