Comment on Why is the price of real estate rising so dramatically?

r0ertel@lemmy.world ⁨1⁩ ⁨month⁩ ago

This is a pretty good read and explains that it’s not a supply issue.

pluralistic.net/2024/10/24/i-dream-of-gini/

A paradox: in 1970, everyday Americans found it relatively easy to afford a house, and the average American house cost 5.9x the average American income. In 2024, Americans find it nearly impossible to afford a house, and the average American house costs…5.9x the average American income.

source
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