Welcome to America 🥰💃

I wonder why people are upset with the status quo???

“You will own nothing and be happy”

That chart compares real incomes to nominal rents. My chart puts them on the same scale. You'll notice that the divergence is much less marked and it appears to date to the GFC. I attribute this to the decline in permitting that preceded it. Sources:

There was some nice hope between 2017 and 2020…

Well, this definitely ruined my day. LOL.

Reminds me of this gold lol

If anyone would like to read more about this and other trends, The Coming of Neo-Feudalism by Joel Kotkin is quite the ride. He lays out very plainly how, despite claiming to represent the working class, the Democratic Party has actually been the more destructive of the two.

The game of, “you will own nothing and you will be happy” was started a long time go. It didn’t start in 2020. Buy real estate asap

And apartments go up constantly everywhere.