Oddbean new post about login | logout What’s also disgusting is how salaries are not 100x higher.
And what is more infuriating is that even if they were, probably houses would be 1000x in that case.. nuts.
Yep. It’s all madness. And I can remember it within my lifetime too. A relative on an average salary was able to buy two houses outright back in the 70s (with some hard saving). Someone in that same job role now struggles to buy one of those houses across a 25 year mortgage. Mental.
I have not that age of experience, but I did notice the difference in the last 20 years.. basically for more and more young couples, 2 wages are not enough to even ask for a mortgage without some other assurance (parents house or similar).