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good god, what a tortured statistic to hang your hat on. prices are going up, but slower. wages are going up, but slower. and the rate of slowing for prices is faster than the rate of slowing for wages, on average. so, it's a good "direction" we're moving in, on average. of course, it's awesome that they pull a quote from an advertiser for insurance products and personal lines of credit.
how about: interest rates are insane and basically everybody is accessing unsecured lines of credit to cover ballooning rents/costs of living, so the juice they are paying just to stay fed and in a shelter is going to hit them like a hammer.
Interests rates are not historically insane though. My parents bought a home when mortgage interest rates were in the mid 10s. The interest rates aren't the problem. It's the ratio of the cost of living to wages that's gotten to insane levels.
Yeah that home also only cost like $20,000 which is basically nothing.