And I'm sure the housing crash of 2008 didn't help. Real estate is often a key financial investment for the middle class. Housing has recovered (and more!), but a lot of middle class lost/sold their homes and didn't benefit from the appreciation.
https://dqydj.com/net-worth-brackets-wealth-brackets-one-per...
I assume the average senior developer here in a mid-range city probably makes around $120k ~ $160k. Where does that fall into national averages on just income (and yes, I realize this article is talking about overall wealth and not necessarily income).
I wonder what mid range looks like.
Why? And after that, how?
I can't possibly imagine housing not being treated this way as long as the population is growing.
And it's not really even housing that's driving the issue, it's LAND. In some form or another, basically everything of value that's not IP (and arguably even IP) requires land use.