Income up 10x since 1971 but homes 17x. Home sales collapse to 2009 levels while prices stay near highs. FT: Central banks set to pivot in a hawkish direction
Median family income in the US increased from $10,000 in 1971 to $106,000 today, a 10x increase. However, the median cost of homes increased from $25,000 to $445,000, a 17x increase. And the median cost of cars increased from $3,600 to $50,000, a 14x increase. The median cost of college increased from $2,900 a year …