Median house price to median household income ratio was a lot lower back in the 70s. Data for the UK (similar in all developed economies): https://www.schroder

Median house price to median household income ratio was a lot lower back in the 70s. Data for the UK (similar in all developed economies): https://www.schroders.com/en-gb/uk/individual/insights/what-174-years-of-data-tell-us-about-house-price-affordability-in-the-uk/ https://www.schroders.com/en-gb/uk/individual/insights/what-... 4-6x from the 70s to the 90s, now 9x and growing rapidly.