U.S. house prices surged 57%, while wages grew only 28% since 2020.

🚨 BREAKING NEWS 🚨

US HOUSE PRICES HAVE MASSIVELY OUTPACES WAGES OVER THE PAST 5 YEARS, SINCE 2020 HOUSE PRICES FLEW BY 57% BUT THE AVERAGE HOURLY EARNING ONLY GREW BY 28%

THIS GAP BETWEEN HOUSE PRICES AND WAGES IS OVER 2 TIMES BIGGER THAN IN 2008

THIS BUBBLE WILL POP…$SPY pic.twitter.com/KD1mXLAAw1

— Mike Investing (@MrMikeInvesting) November 4, 2024

Sources:

• Visual Capitalist – “Charted: U.S. Median House Prices vs. Income”
• Statista – “Chart: Have Wages Kept Up With Inflation?”
• Yahoo Finance – “Why Home Prices In The U.S. Have Surged By Nearly 50% Since 2020”