I haven't seen the housing affordability generational difference contrasted so plainly and clearly as in this simple bar chart.They're using US data here too so in Australia that 2nd red bar would be quite a bit taller. But yeah sure tell us again how we're just not budgeting hard enough. 🙃 40+ years of continually worsening inequality and decreased living standards due to line-go-up acceleration of asset prices. #Housing is a human right, not a speculative investment. Maybe about time we do something to reverse this trend hey?

Bar chart comparing median household income and median home prices for US Baby Boomers and Millennials. Baby Boomers: $23,620 income and $83,200 home price. Millennials: $74,580 income and $468,000 home price. Pink bars represent income; red bars represent home prices.
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[–] 1 point 6 hours ago* (last edited 6 hours ago) (1 child)

@phocks I laugh and laugh at the articles saying “prices are down why aren’t they buying?”.lol to them, because of the chart you posted. The gap between income and house prices is still ridiculous.

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