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>mailman Is a bad counterexample, as that's still a good, high-paying (union!!!) job. But aside from that tiny gripe you're not wrong about the rest.

• midasuni 3y ago
  Ddg reckons average mailman salary is about 50k. That’s 1/8th the average house price. In 1990 it was about 25k with prices about 150k House prices are about 100k too high, they should be 300k not 400k One reason for this is more people rely on two incomes to pay for housing, so more money is available for housing, so money transfers from future debt of millenials to existing assets of boomers and gen x. But on top of that it means two incomes means harder to have kids due to child care.
  • echelon 3y ago
    > But on top of that it means two incomes means harder to have kids due to child care. Maybe we're also stuck in something of a vicious cycle. More people not having kids leads to more double incomes. More double incomes means more money to pay higher prices. The market seems to be bearing the higher prices just fine, so they continue to climb...
    • midasuni 3y ago
      It’s a cultural change, one that has benefits (I for one don’t want to be a full time homemaker), but also drawbacks It’s not something an individual can change though. It’s a societal level problem.