About half the population already owns a home so they’re immune to this problem.
Don’t forget, many of those people won’t be alive much longer, and many of their houses will not be passed on to family, but sold off to pay off debts owed by their estates, and will end up as more overpriced rental properties.
Housing is the thing most exploding in cost.
About half the population already owns a home so they’re immune to this problem.
The other half is just moving to shittier and shittier conditions and living with roommates and family members.
Plus this is a very regional problem. Housing in shithole flyover places is still somewhat affordable.
If everything went up five times in price over the last 20 years then it might be a better argument for saying we’re in a depression.
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Don’t forget, many of those people won’t be alive much longer, and many of their houses will not be passed on to family, but sold off to pay off debts owed by their estates, and will end up as more overpriced rental properties.