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102 sats \ 0 replies \ @optimism 10h \ on: "Housing prices are not high by any historical standard" - evoskuil econ
  1. do you think that housing is less affordable than it was 30 years ago?
It would be for me if I were buying. From about 2.5x annual income, to 10x (over 35y)
  1. do you think that young people are less wealthy now than young people were 30 years ago?
Not in the West, for the moment. But I believe that the decline is just starting if there is any to be, so imho Eric is right - gains > pains. Let's re-evaluate in 5 years.
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