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All of these things can be true. Based on this (https://dqydj.com/historical-home-prices/ https://dqydj.com/historical-home-prices/) for the same time period of
by brendoelfrendo 2y ago
All of these things can be true. Based on this (https://dqydj.com/historical-home-prices/ https://dqydj.com/historical-home-prices/) for the same time period of 2019 to 2023, the CPI-adjusted median home price in the US went up by roughly 21%. So, the average American can both see their income increase but also find a home further out of reach.
The point of this post and this article is not about how people are doing in inflation adjusted terms, but the startling and sharp increase in wealth inequality we're seeing.